BTS has retraced 78% from previous high from 1/2. BTS is also showing a falling wedge with top diagonal showing resistance. This can be a possible scalp trade while BTS is testing resistance. RSI is showing a bullish divergence from the chart making lower lows and higher lows on the the RSI. Previous bullish divergence back in Oct had a 680% price increase over about 77 days. Not saying lighting will strike twice, but history tends to repeat itself. With a signal of a bullish divergence and breaking of the wedge, we have lift off!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.