Im looking for overall economy concept
This chart looks for me really interesting
I cannot help myself to understand this chart.
There is so big divergence there.
I have 2 possible scenarios to play out.
First is to stabilized RSI and create a trendline as a support. Reason is because we cant start a big really with overextended RSI.
Second one is divergence...
NDX bullish structure reversal was confirmed. We have nearly deleted all gains in year 2021 in this dip.
Now we have create a beatifull structure reversal and make a new HH.
Upcoming days we can expect creating and confirming HL.
I think we have 2 possibilities where we can create HL.
1) Break a rezistance where we are right now and estabilish this level as...
DXY we are close to final accumulation target and we want to see a big reaction on key level. There is a potential forming divergence between RSI and chart price.
Why to watch DXY if you want to trade Bitcoin. There is correlation in macro perspective between them.
We have a good chance for big long posibility on BTC. We creating new HH and HL in Bullish channel . Now we have made a new HL and our target is new HH with 16 % profit. HH ( Higher Highs ), ( Higher Lows )
Beautiful Bullish channel where we make new HH ( Higher Highs ) and new HL ( Higher Lows ). Now we have bounced from HL and there is a good chance to make new HH with 42 % profit. Risk Reward Ratio with 3,46 its good choice make this trade.
We have a good chance for big long posibility on WING. We creating new HH and HL in Bullish channel. Now we have made a new HL and our target is new HH with 63 % profit. HH ( Higher Highs ), ( Higher Lows )
We are in beautiful formation Rising channel 58 days. Its work pretty Solid we creating new Higher Hights marked AS HH and Higher Lows marked as HL. From our last update 30.11.2020 where we are perfectly hit new HL where we are right now. If we dont break our channel support line there is a huge posibility to make new HH and it will be also ne ATH for BTC price....
We are in beautiful formation Rising Wedge 49 days. Its work pretty Solid we creating new Higher Hights marked AS HH and Higher Lows marked as HL. But now we are also touchced new ATH price unfortunately it was very quick pull back. In my opinion we have 70 % chance fall down to marked area as HL.