What do we see on this timeframe (4H candles)?
- back on the lower (bounced on it)
- seems to be finished with Leg E from the
- strong divergences on both the and ( stronger)
What do we see on the 1D Candles?
- broken the downtrend, still pretty low
- about to make the positive cross
- getting a bit more
Given the on the 4H timeframe, given the scenario and the strong divergences, I'm more strongly getting the feeling that we're on the bottom and almost done.
Which two scenario's are in play here?
1 - breaking out of the from here, as in that case E is done. Breaking out, retesting and then we'll be back to the $10.000 zone --> testing whether we can break that psychological resistance.
2 - not breaking out right now --> another retest of the bottom around $6.000, breaking out, staying around the and then we'll be having some sideways.