MajazElahi

MajazElahi

HOT is currently sitting on the range bottom and RSI being being oversold presents a good opportunity for a long. I am longing until it reaches the golden pocket again at 0.00176. Normally i wouldn’t long an oversold RSI but this is also the range bottom so it seems a great trigger. Fingers crossed.

MajazElahi

I see one interesting pattern with the limited BTC data so far. A cycle ends with one weekly renko brick making a long wick above or beyond the last cycle top/bottom and closes green. I suspect something similar this time. A long wick below the current one to 13k and then close at 27.4k. I am bullish if that happens. It’s the most boring way to look at a chart...

MajazElahi Updated 

BTC is trading in a range of 25180 and 15500. It is holding this range since Aug 2022. If you draw a Fib extension on the daily the you will notice that it has currently bounced off the golden pocket which is a great sign for long traders. Last week news regarding Alphabet's sharing dropping massively after the product test failure of their AI platform which...