bub390953

bub390953

BTC is mirroring its price action on its way down to 47k. I think a repeat of that happens, and we sweep the low and then swiftly go back to 55k. I am looking to open a large long in the 46-47k range. Obviously if that support breaks then we're looking at a dip in between the 40-43k range which has very strong support. If that happens then the pattern is...

bub390953 Updated 

For the 1 hour chart, there is a ascending triangle with rsi showing a period of bearish divergence followed by a slight bullish one . Overall I think this will be a continuation trend, the bearish divergence shows even with lost momentum we remained consolidating. To determine the current trend I zoomed out to the daily. A couple competing patterns were...

bub390953 Updated 

For the 1 hour chart, there is a ascending triangle with rsi showing a period of bearish divergence followed by a slight bullish one. Overall I think this will be a continuation trend, the bearish divergence shows even with lost momentum we remained consolidating. To determine the current trend I zoomed out to the daily. A couple competing patterns were present....