Shorter timeframe - 30 minute
lower low on price, high low on RSI
Similar divergence on Stoch RSI and MACD histogram
Worth a buy on retest of the falling wedge
Macro timeframe - 8 hour (used to better fit the macro falling wedge)
looking for a measured move of the falling wedge back to the 92k satoshi levels
Resistances along the way charted
>Higher time-frame retest of downtrend line ~speculatively may turn to support
>Higher time-frame inverse H&S pattern ~speculative as has not broken out
>Lower time-frame inv. H&S and bull flag ~may confirm in an hour
Everyone is bearish
Downtrend seems to have ended and $NEBL having difficulty overcoming the previous orderblock above.
Nonethless catching an early long opportunity on NEBL for an inverse h&s move, and airdrop of limited supply tokens.
Airdropped tokens: Trifid (www.reddit.com)
observing a fair amount of selling/resistance going on at this 9,300 zone. It seems if we break below 8100 it'll be a quick free fall to the lower levels. However, also noticing the flat cloud at 10,400. It seems most probable that price will get sucked up to that region as it 'reverts to the mean'. Holding BTC for the moment and watching for invalidation if we...