Badrosha
Long

BTC END OF BEARS .. STEADY .. THEN BULLS !!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
what i see here is the end of the bear market and we are just in about the reversal zone but a bit weak because of the bear momentum is still here, BTC             must show support @ this green box.
P.S. im certain that we are going to get fooled somehow anyway
Trade active: https://www.tradingview.com/chart/6G5xRxDG/ on lower time frames we can see the RSI divergence has formed on a lower low candles and higher lows on RSI we are now officially BULLS
Comment: here it is
Comment: next weekly candle starts in 1 hour .. i believe we are going to see the same pattern now and that closed of this week should be a very strong price to never go below it next week also RSI and Stochrsi are being oversold at the weekly which is a very good sign for the reversal
Comment: here on the same chart at bitfinex
"here is the end of the bear market and we are just in about the reversal zone but a bit weak because of the bear momentum is still here"
This still sounds more like uncertainty and gambling
Can't your chart be more accurate with the RSI divergence and relative strength index?
Interpretation not as accurate as envisaged
Reply
Badrosha Ezekiel2015
@Ezekiel2015, Actually i'm certain but just describing why its still weak because of many are waiting for a huge pump out of sudden which will not happen at least till this weak candle is over which is by tomorrow, secondly the RSI divergence i see here is upon a very simple move u can see on the lower time frame as i mentioned in the updates above .. when u see a lower lows at the candle chart presenting a higher lows on RSI then its a call for Bulls and end of Bear market signal, Regards.
Reply
Great analysis agrees my expectations. Stay with us constantly. I would like to add your analysis in Arabic, too, so that we can benefit more. good luck
+1 Reply
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