Old log diagonal support broke and retested as resistance. This is BAD. That falling wedge looks promising for bulls, and it is a trap if i ever saw one. Down we go from here. Small bear flag formed here, which were reliable as fuck lately in this market.
Hidden divergences on RSI and Stoch RSI, both on daily and weekly. RSI is at the "support" level where it stopped and reversed always since the bull run started. Stoch oversold massively. I'd say fake out to sweep stops then up.
Cloud support, horizontal support and an upper edge of an old bullish channel acting as a support too. Might pierce to 10700 but overall this is a temporary bottom. Not a time to sell, but a time to buy.
Just like the last time: cloud acting as a resistance, price dropped to 200MA which is now acting as a support. Pretty good chance to go long for those who missed the bottom and were looking for a pullback to get in. This is your pullback, use it wisely. Assess your risks!
Not sure what exactly i see here, probably just noting the evolution of chart since my last idea. Bear div is still in play (it is also showing on weekly), volume is still in decline, and now we have a rising wedge.
BTW, didn't mention the hidden bullish divergence in last chart, not sure what to make of it, if someone can school me on the subject (bear div and...
Hitting 6300 today is not at all impossible, and seems likely, at which point we should stop (if not - target is $100K or something)? So blue path is preferable. Also need to point massive bearish divergence, which point to a nearing end of bull-run, but that might not come for a long time, just worth to be aware about.
Bottom of the inter channel, hidden bull div (though it is more obvious on lower time frames), we're on the support, accelerated selling on the last leg down. Not saying it shoots to new all time high from here, but a decent bounce here is likely.
I do not actually trade or necessarily like the whole idea of "fractals" in crypto, but this is just too interesting batch of similarities to not note them. Also, as i a little prematurely called in a related chart - BTC is due for a correction, why not choose this path.
We see hidden bullish divergence, rising support is near, RSI is oversold - all in favour of a short term long. After that it'll be time to decide which way to go. And, sadly - since ruble is my national currency, - i bet on a continued uptrend.