As the chart shows ๐ :
- Diamond Bottom(Bullish) can be seen as a Rounding Saucer ๐
- RSI creating a bullish failure swing (bullish reversal) ๐
- Parabolic Curve Pattern (very likely to complete, see attached idea)
- Crossing 50 days SMA since the Big Dump (notice also the EMAs)
- MACD crossing Signal Line โ Indicates the start of a new uptrend
What will happen next? ๐ฎ
1. BTC will grow more for a bit
2. Prices will slightly drop โ once parabolic completes and RSI shows it's overbought ๐
3. Then it will reach the target prices for:
- Diamond Pattern โ $44K/45K
- Rounding Saucer โ $50K/52K
- Diamond Bottom(Bullish) can be seen as a Rounding Saucer ๐
- RSI creating a bullish failure swing (bullish reversal) ๐
- Parabolic Curve Pattern (very likely to complete, see attached idea)
- Crossing 50 days SMA since the Big Dump (notice also the EMAs)
- MACD crossing Signal Line โ Indicates the start of a new uptrend
What will happen next? ๐ฎ
1. BTC will grow more for a bit
2. Prices will slightly drop โ once parabolic completes and RSI shows it's overbought ๐
3. Then it will reach the target prices for:
- Diamond Pattern โ $44K/45K
- Rounding Saucer โ $50K/52K