Our yesterday scenario is going to play out. Bitcoin did the lower low as I said and now it’s time to show the local grow, which we can try to catch.
The RSI and MACD formed an extremely strong bullish divergence on the 1h timeframe. I am waiting for the first increasing column on the MACD histogram at the 1h candle close. This true divergence will cause the true divergence on the 4h – this is much stronger bullish signal.