Bitcoin Price Chart Shows Big Bullish Divergence: Crypto Trader
Story by: Yuri Molchan
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Despite many believe that the Bitcoin price may plunge soon, this crypto trader keeps giving bullish forecasts on BTC. This time, he looks at a 4-hour graph.
A big bullish divergence
A crypto trader @themooncarl, who predicted a bullish reversal for the Bitcoin price at the end of last week, again posts a chart with a Falling Wedge pattern. He reminds the community that even though Bitcoin may look bearish at the moment, he clearly sees a big bullish divergence on both 4-hour and 1-hour charts.
He concludes:
“Bitcoin will do well in the coming 2-3 weeks!”
The Moon@themooncarl
In the comment thread, the trader confirms his opinion that Bitcoin has a 70-percent chance of breaking up because of the Falling Wedge since this pattern is bullish.
The Moon@themooncarlSame here! 70% chance that it will break up, based on the fact that we are in a falling wedge, which is a bullish pattern.
At press-time, Bitcoin is trading at $8,547.
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