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Edgy_
Jun 3, 2019 4:54 PM

BTC: Weekly Indecision; Daily Double Top; 4H Tightening 

Bitcoin / DollarBitfinex

Description

Grandpa BTC is seeing a nice tightening range currently on the 4H.

Daily is double-toppy with RSI on steady divergence since May 15th:


But Daily tightening/EQ is king. As long as bulls can keep the EQ range, the divergence is only a deceleration of the move.

Weekly closed with Doji: Indecision/Potential Reversal:

Comment

BTC: Long-awaited Weekly consolidation might be coming now. Evening-star in the making.

Personally I'm currently in a short term bottom fishing play with EOS, had orders at upper 6, 40ties range. RSI was smashed down on all timeframes up to 4H, + important previous S&R zone. If bounce gets going: TP is at 6,90ies.
Comments
W3rN0tAl0n3
Nice analysis- thanks bud.
Edgy_
@jeremy.jacques79, Sure, you're welcome!
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