RSI Reversal Divergence has been playing out for awhile. The most recent bounce amplified the divergence. So in short, I expect a rally. Similar to the end of April. I would feel more confident if it were clearer on the daily.
Target is 50
Current 4hr pattern is a right triangle (continuation), but it’s also a double bottom, with reversal divergence, that can be seen on the daily chart, if you look closely.
It’s a shake out. Ask yourself this, do you think it’s valuable? Do you think it is worth as much as it is... or more? Less?
Regardless the price, I see opportunities.
I think crypto will succeed. And thus BTC will
Otherwise:
After recharting, I noticed 2x HNS patterns, both on angles, and tho I don’t normally play them, they explain the current price very well, which could indicate the target was reached.
Lower: very possible
Higher: absolutely
29 is the basement bargain price
33 is a good price
If 29-27 break, we go to 20. 29 needs to hold to remain short term bullish
Target is 50
Current 4hr pattern is a right triangle (continuation), but it’s also a double bottom, with reversal divergence, that can be seen on the daily chart, if you look closely.
It’s a shake out. Ask yourself this, do you think it’s valuable? Do you think it is worth as much as it is... or more? Less?
Regardless the price, I see opportunities.
I think crypto will succeed. And thus BTC will
Otherwise:
After recharting, I noticed 2x HNS patterns, both on angles, and tho I don’t normally play them, they explain the current price very well, which could indicate the target was reached.
Lower: very possible
Higher: absolutely
29 is the basement bargain price
33 is a good price
If 29-27 break, we go to 20. 29 needs to hold to remain short term bullish
