BTCUSD 1D Chart, CCI 11
The idea here is to use the CCI to gauge the divergence of a downtrend in price with an uptrend in CCI.
- The pink lines (March 8th to 17th) use the exact same dates noting the divergence in CCI to price.
- Next I draw a purple line as an extention of where a potential buy oppotunity would exist
- Buy when a strong green candle breaks...
Possible crypher pattern happening twice here, can end up having a few options if it holds structure.
major buying opporutnity now with upside in the short term, donwside will follow once we reach back above the $17k area
