One of the reliable technical indicators that tracked BTC has shown that it nearly bottoms again.
It may need 2-4 more days for the TA to cross up, and hopefully BTC will show a mini inverse H&S pattern that will create a rising force.
Medium term target: 10,500
Following up my previous idea in which Bitcoin has hit above USD10,000 quickly, then it drops slowly until now.
When you look at the 4h chart, the candles are forming a few long tails, this is usually a bottom sign.
Furthermore, RSI is showing a divergence, in the short term it will rebound.
In recent months, Bitcoin has been dropping and dropping.
It looked very weak recently.
Now, Bitcoin daily line, showing inverse head & shoulder.
The right shoulder may fail, which may turn into the third bottom.
Either case, it describes the bottom formation.
Short term target 10,000.
What happened if NASDAQ has:
1. Double Peak
3. Bearish Wedge
The answer is short.
Back to my VIX study one week ago which showed a bullish divergence, I expect more drop in S&P500 as well as NASDAQ, too.
The rise of the Index IBOVESPA may come to the end soon, please look at the 2hr bearish wedge, the index will drop when there is no more squeeze.
The Bovespa Index (Portuguese: Índice Bovespa) best known as Ibovespa is the benchmark index of about 60 stocks that are traded on the B3 (Brasil Bolsa Balcão).
ASX 200 has been rebounding well from late-Dec of 2018.
It has been continuously climbing higher and higher in recent months.
Now, it is constructing The Infamous M-Peak (Double Peak), with a very first target of 6530, then 6320.