Yesterday BTC saw a typical flash dump, probing deep down through the low of the coloured trading range; tapping the liquidity and printing a SRP shakeout reversal pattern to bounce back up - trapping shorts, stopping out longs.
And now today it is printing a fairly tight bullish descending channel.
Bullish RSI divergence coming in.
Probably a bounce coming to restore parity in this potential consolidation.
...
Bitcoin Dominance starting to show signs of weakness after a long rally.
Could be an ALT rally in the pipeline 😼!
And now today it is printing a fairly tight bullish descending channel.
Bullish RSI divergence coming in.
Probably a bounce coming to restore parity in this potential consolidation.
...
Bitcoin Dominance starting to show signs of weakness after a long rally.
Could be an ALT rally in the pipeline 😼!
Comment:
Here comes that bounce ❕
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