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RandomOracle
Jul 17, 2022 1:47 AM

Bitcoin Weekly Indicators Hinting At A Bottom? 

Bitcoin / TetherUSBinance

Description



I'm thinking we see a retest of the previous support region around 29-30k before BTC attempts any further downward attempts

The weekly RSI here showing we are at a similar level to the 2018-19 bottom, Could we see an unexpected bullish swing upwards? Fisher indicator also showing signs of a reversal (crossing up)

Interesting point for BTC to be, time will tell.

BINANCE:BTCUSDT
BITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD

Comment

There's a cheeky bullish harmonic on the weekly too

Comment

just look at the volume on the last green 2-week, higher than the dump candles, indicates reversal (just looking at volume)
and you have the massive 2-weekly bullish harmonic that everyone seems to be ignoring.. these harmonics play out on almost all TF's.. it's extremely rare to get one on a high TF like the 2-week

Comment

Related charts are scattered throughout this idea:

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Looking stronger on the chance of the bullish reversal harmonic playing out!

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closed 2-week above S2 which was an issue for a while

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Still chilling around here for now, no sign of invalidation yet which is good
Comments
I102BS
Thanks for the informative effort !
RandomOracle
@I102BS, And thank you for the positive feedback!
DeepFunds
I like it brother. Great work.
RandomOracle
@DeepFunds, Thnx!
LJR82
Thank you :)
RandomOracle
@LJR82, You're welcome
f4taL1ty
Thanks good working
RandomOracle
@ftlty46, Thank you!
Great_Reset_Investing
spot on
RandomOracle
@Great_Reset_Investing, Appreciate it!
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