3 technical reasons for the growth of #Bitcoin ?!

This post has an educational aspect, and in it I checked the reasons and conditions for the growth of Bitcoin based on different time frames

1-The first reason (daily time frame):
Hitting two key daily time frame supports
1- Daily timeframe pivot level (pivot indicator)
2- Midline of the descending channel
Hitting support, especially support of higher timeframes, can lead to positive reactions and growth.


Important note: Pay attention to the shadows involved. As you can see in the photo above, after hitting the pivot support, the daily candle formed a long lower shadow. which must be closed under this shadow to fall. That is a difficult thing

2- The second reason (4 hours time frame):
Formation of a falling wedge pattern on the support of a higher timeframe (previous photo)
Important point: when the downward trend before the wedge pattern consists of 3 waves, the validity of the wedge pattern for reversal is higher


3- The third reason (4-hour time frame):
Triple divergence:
If the orange and blue lines of the MACD indicator cross again, the triple divergence is confirmed and the possibility of forming a bottom doubles.


This post is educational in nature and you are responsible for any investment decisions.
Thank you for your support