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Edwinox92
Mar 24, 2022 3:08 AM

is BTCST about to create cup and handle pattern? Long

Description

Fundamental:
As per latest news about bearish trends in gold, USD and oil, people will look to invest in another things such crypto currencies for the time being.

Technical:
I just look this time for 1D and 4h timeframes even that it was a rejection in LL which indicates the end of bearish trend in CURRENT timeframe (4h), also after checked pivot zones i saw that there are a couple of them which are quite important and it is just to wait for breakout to see if cup and handle patter will be created. Also checked squeeze momentum and i found bullish divergences in 1D. No MACD divergences till now, CRSI is overbought now which indicates a little consolidation in low timeframes which can be 30m or 1h in order to get "normal" levels. About supply-demmand seems acumulation zone was tested in past days and comes with a big spike but for now acumulation zone is ready to go to supply zone (red square in chart) as first target.
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