As you can see in the green circle, we have clear in the 1 and 2 day charts. Now, the last time we observed Divergence on the 2 day chart like this was in December and of the type signaling the start of the correction. supports the reading having begun it's divergence readings waves in advance. Additionally, CMF in 2 day is showing increasing buy pressure at these levels and began growing as it dropped to the $5,800 levels.
I'd like to note, we're nearly on the present p[otential primary . Now, we're only touched it twice and nearly touched it a couple days ago at out recent low to within $100. Keep in mind, this is an averaged index chart.
If we break this line, I suspect another strong sell off immediately after. If we move up from here as the divergences seem to be indication is probable after some sideways consolidation and the present at this time remains valid, I expect a trending upward movement, albeit likely to be rather slow and weak with the dismal at this time.
Quite frankly, anything can happen at this point. I suspect we're going to discover corporate mining farms costs if we've not already. I see a lot of positive signals in the charts but many of those are short lived these day. For now I'm remaining nimble, maintaining tight stops, and keeping the leverage low which quite frankly is something rather abnormal for me.