Long term 10d chart has a picture-book bearish divergence with false upside breakout and we're witnessing the results.
It seems to fizzle out testing the -1ATR line, which is crucial to not be violated much in order for an uptrend to emerge. Prices are retesting longer term support here at the -1ATR line.
Short term daily chart retesting support and maybe...
Weekly Chart:
The bearish divergence with false breakouts around Nov 21st 2021 is still at play.
Went down through support at 46k ish and testing 40k now.
Stuff on weekly chart takes a while to fizzle out, especially a bearish divergence.
But bottoms take less time to build than tops, so maybe this is it.
It needs to be able to close above -1 ATR channel line...
Weekly chart: Prices below 185 got rejected last week; 205 seems to be resistance; small bull div on ATR and FI; prices could not close above -1 ATR far a few weeks, which is bearish
Daily chart: Bullish divergence (ATR, FI, MACD + H) with confirmed false breakdown of 185.71 on Thu and Fri last week;
Entry: price holding above 185.71 towards the end of day and...
BTC
Weekly Chart:
The bearish divergence with false breakouts around Nov 21st 2021 is still at play.
Went down through support at 46k ish and testing 40k now.
Stuff on weekly chart takes a while to fizzle out, especially a bearish divergence.
But bottoms take less time to build than tops, so maybe this is it...
Daily Chart:
Bullish divergences formed, by...
