Bullish divergence is developing on the daily as well as 4 hour timeframes on MACD + RSI.
A 30%+ correction and bounce off the 61.8 fib as well as the 200 day EMA.
Very possible for a giant inverse H&S to develop over the next few weeks if we see a reversal here.
Bitcoin dominance is at multi year lows and bounced at 40%.
A 30%+ correction and bounce off the 61.8 fib as well as the 200 day EMA.
Very possible for a giant inverse H&S to develop over the next few weeks if we see a reversal here.
Bitcoin dominance is at multi year lows and bounced at 40%.
Comment:
Assuming $42K was the low, the 1.618 fIb extension is around $78.5K
Comment:
Looks like it went a bit too deep lol