As you can see, from beginning of nov to end of dec, btc was trading in a channel and on the 23rd, it broke out.
A week later, on the 31st, we got a “textbook retest” on the channel and have since barely gotten any upside. Therefore, I propose that this bullish movement is only getting started.
Shorter-Term (1 Hr)
On the shorter time frames I...
As you can see, the RSI has been forming a bearish divergence since 48K
I believe Divergences are extremely undervalued as I've seen a very large majority of them end up playing out completely.
Now, since there is a lot of positive news surrounding bitcoin about the ETF's, I would be looking to take profit sooner. (Red Lines)
Be careful Traders.
(Not financial advice)
Hey traders! I was looking at the RSI and I saw something kind of interesting.
As you can see, the past few times bitcoin's RSI has hit 42-49, there has been a massive pump....
Well, here we are. Best of luck traders
The long-anticipated correction of bitcoin's price has taken place, with the price falling to the .382 fib.
I believe this fall was not because of negative bitcoin news but because of the RSI bearish divergence which has now been corrected.
That being said, I suspect that we will close the daily candle at the .5 Fibonacci around 46,700.
From there, I find it...
As you can see, with the rsi is forming a bearish divergence, thus it is likely that bitcoin would fall very soon.
Furthermore, we are at the same resistance as the past 2 times.
In conclusion, it would be likely for btc to the major support line. (42K)
As you can see, the RSI has formed a bearish divergence.
Meanwhile, bitcoin has resumed the range I showed you guys in my last post.
It seems like the price action should be similar to the price action of the last post I made. (Showed below)
—breakout out of the range, retest, and fall.
Best of luck traders!
As you can see, bitcoin has been trading in a range for a good amount of time.
Meanwhile, rsi has been forming a bearish divergence.
Only a matter of time before we experience a correction
As you can see, the MACD, RSI, and money flow, have been forming bullish divergences. (Yellow lines)
Furthermore, we can see that bitcoin is rebounding off of the top end of the trading range. (Yellow lines)
Lastly, there is a double bottom that has formed (circled)
These all point to massive upside and breakout past 40K
Be sure to follow and leave a...
It seems as tho bitcoin have been forming a breakout triangle since its peak at around 60K.
Only a matter of time before we breakout...
Is 100K possible by the end of the year?
Doesn't look so crazy when you zoom out.
Let me know your thoughts.
Be sure to follow and leave a like
Good luck Traders!
As you can see, bitcoin has been falling in a descending channel.
Furthermore, the rsi has been forming a bullish divergence...
Keeping our S/R lines in mind, it would be probable to see a breakout of the channel, followed by a bounce up to and off of the 39K line
Good luck Traders!
As you can see, on the 4hr chart, the MACD and RSI have both been forming bearish divergences for a while.
Since we have also been trading in a range I think it is likely that we break down out of the range and fall to a significant support (~37K)
Good luck everyone!
Ps: I know this is very similar to my other idea, just thought I’d provide a longer time frame...
As you can see, Bitcoin has been forming a massive Breakout Triangle......
If we take a look at the MACD and RSI we can see that they've both been forming bearish divergences.
That being said, a correction and rebound off of 36,300 (since it's a main support) would be likely.