#Bitcoin    About to surge. 🚀 A hidden bullish divergence | Eternel insatisfait på Binance Square

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#Bitcoin    About to surge. 🚀
A hidden bullish divergence is forming for #BTC    on the daily RSI. 
In addition, RSI tagged the oversold territory. 
Last two times it happened Bitcoin went berserk mode.

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Bitcoin becoming dangerously oversold on the daily RSI. The last time this happened this year we saw Bitcoin Surge from $25k to $70k. Alts enjoyed a much better market environment due to that as well. While these oversold and overbought signals don't tell everything and aren't 100% accurate, they do add additional confluence. Add to the fact that $60k BTC is a strong looking area technical wise and at support in our local range? it does add up plenty of credibility all while the uptrend still remains intact. Soon all at once 🤝

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#Bitcoin    range low must hold else $50,000 ? BTC is testing the range low for the 5th time since March. Price has been ranging for the past few months in a tight range, and a massive breakout is imminent. Currently, the price is at a critical support zone that must hold. We have already witnessed a fakeout below $60,000 followed by a quick reclaim and a nice run-up till the range high. If the price breaks down below the range low again, we will consider it an actual breakout rather than a fakeout. There is no major support zone before the $50,000 - $52,000 level. So far price is holding the range low nicely and the overall idea remains bullish.🤝

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#Bitcoin    Whether 2017 or 2021, both outcomes would be great for the crypto market, but when I look at the steepness of $BTC, it looks very similar to 2017. -Close to the 1D EMA 200 -Consolidation around the previous ATH If you take a closer look, things don't look so bad.

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#BTC    Positive initial reaction from the base of the pattern, which is also confluent support with the old All Time High area Downside wicks below the pattern bottom (orange) are fine as long as price ultimately Weekly Closes inside the structure $BTC #Crypto #Bitcoin   

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#BTC    Bitcoin Retracements - Two Principles For This Cycle • The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes • The longer the retrace, the better the opportunity becomes (especially if the retrace is longer than 40 days) $BTC #Crypto #Bitcoin   

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