Hi everyone! Here we are at the 4H chart. The prices are near the 61.8 Fib level. A bearish divergence just get spot on the RSI. We just broke the RSI's failure swing. We can still have a a little bounce but not as much as 5160. To predict the target you just have to look at tops on the RSI that touches the failure swing. The theorical target is the 4.1K area. I guess we will go to test it first and see what will happen there.
We can bounce from there and confirm the begining of the bull market or revisit other lows like 3.5K or 3.1K(i dont think so). My personal take is that we already bottomed we will just need to confirm the lows either 4.1K or 3.5K(The 200 Weekly ma going up and can be the final destination).
The stochastic still bullish in the overbought area but we were there for 6 days in a row. It increases the likelihood of a drop. And you just saw a drop of 10 % because the order book was thin (No more buyers) at these levels.
I ll not short. No need to, i ll just buy ALts now especialy after this drop.
ALT season will start be packed.
We can bounce from there and confirm the begining of the bull market or revisit other lows like 3.5K or 3.1K(i dont think so). My personal take is that we already bottomed we will just need to confirm the lows either 4.1K or 3.5K(The 200 Weekly ma going up and can be the final destination).
The stochastic still bullish in the overbought area but we were there for 6 days in a row. It increases the likelihood of a drop. And you just saw a drop of 10 % because the order book was thin (No more buyers) at these levels.
I ll not short. No need to, i ll just buy ALts now especialy after this drop.
ALT season will start be packed.
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How to spot targets with RSI
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IF BTC is in the way to 4.1K all Alts will correct. Care guys.
I ll do a big picture analysis of BTC
I ll do a big picture analysis of BTC
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