ouch :( Many things at play overall as you can see in the last few charts I've posted. If the edge to edge trade in the 4h helps play out for Adam & Eve double bottom we break out of this pitchfork and the short short term downtrend, however, we won't be in the clear for continued bull just yet. if the triangle stops the double bottom this pitchfork would...
if this plays out well see ya at 14k if it fails to break the triangle well seee ya at 7.9k
higher timeframe weekly, talked about this in another chart; how the trend has been been bullish as long as we've stayed about that 53.1~ level. This weekly seems to be trying to point upwards! good news
on a quick educational approach: the chart shows a divergence that leans bearish, as a movement in price creates a lower high than the previous one, but an oscilator measuring momentum (RSI in this case) shows MORE strength was needed in order to get to that price. more strenght but lower high = underlying weakness
this is there, but it's also there to satisfy my want of going to travel to 10k
Great bag to add to every time it dips under 8.3k sats still has heavy resistance above and even heavier on top of that, lets see
closed inside the cloud after attempting it last couple days, edge to edge is ready
Actually not trolling if you look at it on log chart and daily. to quote: "Indicates underlying strength. Good entry or reentry. Occurs during retracements in an uptrend. Nice to see during retest of previous lows. ' Buy the DIP '" Cloud not pictured here but a daily close around 11420-11450, pref around 115000, would signal an upcoming Edge to Edge trade of ichimoku.
I'm just trolling at this point. Here I'm just looking a random divergence in strength I wouldn't really say this is valid. Over the weekend into the next 2 weeks we'll see if Bitcoin is really above market powers as it dispels the market structures from GOLD and SILVER
last couple times daily bbands were this tight price blew up e2e cloud trade could engage soon, TK cross already happened
drawing the div that way because RSI goes off of closes and disregards wicks