#BTC/USDT BTC in the weekly time frame shows a divergence between RSI and price, also RSI candles are above HMA indicator, and price is above the lower zone of the falling wedge pattern.
🐮 these are some bullish signs that if it remains this way price will make a leg up to touch the resistance zone around 30k which is the same with the upper zone of the falling wedge pattern.
🐻 breaking down from 1.272 fib level will invalidate this scenario and price will drop to 1.414 fib level which is the lower of the lower line of the falling wedge.
Great idea, first time I've seen it, but I've seen some points in similar ideas. Making your charts reminds me of something. I wonder if you take cluster analysis into account when writing your idea.