BTC: Bullish Ascending Triangle High Probability Upside Breakout
This Bullish Ascending Triangle has a much higher chance of breaking to upside now that we have discovered a necessary condition.
It sounds counter-intuitive but if a bullish ascending triangle has Bearish Divergence on RSI, it's much more likely to break to upside... we currently have Bearish Divergence on 1H and 2H
Considering the Fundamental news is particularly strong with Infrastructure just passing the Senate floor an hour ago and Powell sounding more dovish than usual.... we should see the $46k target soon
It sounds counter-intuitive but if a bullish ascending triangle has Bearish Divergence on RSI, it's much more likely to break to upside... we currently have Bearish Divergence on 1H and 2H
Considering the Fundamental news is particularly strong with Infrastructure just passing the Senate floor an hour ago and Powell sounding more dovish than usual.... we should see the $46k target soon