bjhriemersma

BTCUSD Deep Bullish Crab? First time I drew a cypher

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
First time I drew a deep bullish crab - we're going to see if it works out.
Comment: By the way, I am not bullish at all on bitcoin at this moment.

The weekly RSI dropped below 50 (median line). We'll have to wait for the week to close for confirmation, but this hasn't happened since the start of this bullrun in 2015.
Comment: Also, this is the first time we had a daily candle close below the .5fib, counted from the low of the start of the bullrun in 2015 ($162).
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