The daily price action of bitcoin since 2016's start of the bull trend and bear cycle. It finally broke out to the upside indicating that bitcoin was ready to start a new bull trend in July 2020
Waves still holding on to the 8 dollar range despite the bearish divergence
Waves holding 8 to 9 dollar range despite BTC pumping and showing weakness in the RSI. Currently sitting on MA support while BTC attempts to break 20k
That was quick. BTC about to fight for 20k for the second time since 2017 ATH
Hexo is sitting on support the morning before the yearly earnings report.
After cutting threw resistance btc looking like it will test the previous 20k ATH within weeks of the first attempt
BTC approaching resistance for the second time since the trend broke down
BTC might recover and make another attempt at 20k soon
BTC is in a descending triangle, waves price can possibly correct back to the 50 day MA if BTC breaks downwards
Btc having trouble breaking through the previous ATH on the first attempt. I think an official agreement on a significantly larger stim check from the DEMs round would help break threw the resistance on this try
Possible bearish divergence of the recent waves pump. On-chain metrics have been falling as well in the past several weeks showing no new user or on-chain transactions activity on the blockchain
Some of the trends I've identified during its recent run up to ATH
Hexo and pot industry looking for the potential pass of a decriminalization bill in the senate
I took a call 50$ call option after the previous ath dip and sold at 52$. Looking to possibly take another call if we break out of this trend upwards
Does this look like one of the biggest bearish divergences on the SnP 500 to you??
News and fundamentals really not looking good atm, but possible bullish divergence?
Bitcoin just broke 9000$ January 18, 2020 a few months before halvening. This is my long term trend outlook for btc