MoneyPatterns
Long

Bullish weekly divergence - Another view of incoming reversal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yellow swoop lines are equal (most recent run and forecast line).
Blue line bullish divergence .
Coincidence? - Support line around $7700, swoop line and bullish divergence line all click together in next weeks for bottom reversal.

Sooner is better but max I see is week of November 4th this can lag can continue at this price level, or slow climb up to $8300, before we breakout.
November 4th week is when blue divergence line and yellow swoop line exit wedge pattern upwards.

I think we are set to test ATH pre-halving around April 2020.
All signs point to reversal for me....including this stale price movement.
Comment: Confirmation as I did this chart:
"Trading Legend John Bollinger Suggests Recent Bitcoin Price Drop Could Be a Bear Trap: "Wait for It""
LMAO

Comments

Thanks for sharing
+1 Reply
agree. thanks
Reply
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