Each time Bitcoin drops by $200 dollars, the bears start praying... Literally on edge.
We are looking at the short-term chart and we have some valid rejection candles, some valid bearish signals but there is only one problem, no follow up.
The 25-Jan. 18:00 candle shows a clear rejection but the next day the bulls show up and buy all the selling and we end up with a higher low (26-Jan. 21:00).
26-Jan. 16:00 another real rejection and also with high volume... The bears start celebrating/praying... But what follows are very small low volume candles, a bullish hammer and now prices moving back up... No bearish follow up.
Bitcoin remains strong short-term, mid-term and set to become bullish long-term once this monthly session ends.
As long as prices remain trading above $22,000. $21,000, $20,000, $18,000 and the rest... The bulls stay ahead.
We continue aiming higher. We also change if the chart tells us to change.
There is no point in calling for a drop just because... Bitcoin is growing.
We continue growing until it stops growing. When support is broken, when prices move below EMA10... When something bearish is confirmed, we can adapt and change.
I see divergence in rsi indicator daily time frame from 14 to 29 jun how to defend your idea in terms of up trend chart?could you please explain more that if you see any detail in btc chart?