Bitcoin (BTC/USDC) is looking amazing on the daily chart. Not planning on getting shaken out by this one!
Reason why I believe this local bottom is in:
Major hidden bullish divergence on the daily MFI
Regular bullish diversion on 12H MFI
Declining sell volume while price drops
Low volume on that drop yesterday (that was the capitulation candle imo)
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Good evening ladies and gents, like LTC, let me sum this one up ;).
1. Hidden Bullish Divergence on the Weekly MacD
2. Bullish Convergence on the Weekly RSI
3. Rounding Out Price Action
4. Bottom of a potential Fib Channel
5. MacD closing in on Positive Momentum??! :O
Just saying, go ahead and get rid of your assets because the "market is too boring" ;)
Join...
CenturyLink has turned teal on the Gaussian Channel and is showing a rounding bottom in price action. Hidden bullish divergence is playing out right now, but I'd like to point out a looming golden cross possibly coming to this asset. I think it is highly likely we'll see further price action to the upside to the common retraces at the least. But with a golden...
I have it plotted like this because of the heartline touches. But this is LTC to the dollar on log scale overall trend. Guess what we are forming???!!! Weekly Hidden bullish divergence and Weekly Bullish convergence at the same time. Already showing a rounding bottom. And guess what just turned teal as well? You guessed it, the Gaussian channel :wink:
The...
Good morning, traders. Bitcoin printed a potential reversal with yesterday's daily candle. We now need to see a green daily candle to confirm it, however. Daily Stoch RSI is in oversold but curled up looking for a bullish cross. Yesterday's volume was the strongest seen in just under a month, and it was demand-related. The weekly, as mentioned during yesterday's...
Good morning, traders. Nothing has really changed from yesterday, so I figured we could step back today and remove a lot of the clutter to take a much simpler look at the current price action.
This H1 Binance chart shows price consolidating near the descending channel resistance and ascending channel support as volume drops off appreciably. We can also see price...
Good day Traders
The H&S is still playing out from my previous post with a stunted 38.2 fib retracement to print the right shoulder, although I still expect another wave up to complete it. The downward sloping flag from my previous post seems to have turned into a right-angled broadening wedge as we found support at the same level as 13 Jan. Yesterday's drop...
