Few years back, I have marked these parts where one needs to accumulate more. It seems that the marking have become valid and True due to the repeating patterns. Once this area has passed, we are now moving to the goldend era.
rising channel is always tricky but usually a chaotic downturn. with BTC pointing down. There's a good chance DOT will go down as well.
BTC in the daily is forming a bearish divergence together with a reversal to the downside in the weekl. My thoughts around this is that BTC will most likely correct and it could break the pennant forming. BTC will then form a downward pennant which is a bullish form. A perfect timing after the halving.
Try looking at July 2019 and compare it from the july now. Then you can have an idea what I'm talking about.
Showing it just for fun. BTC seems to form same with 2029
Blackrock rumors are reaching out to everyone. This could be Big. But please note rumors are still rumors. We don't know yet what will happen soon. Hopefully not a rugpull.
Based on the pattern formed by BTC, the rising pattern inclines to breaking the lower trend. But seems like the buying is strong. We see what happens in couple of days.
BTC broke the bearish divergence and sending a good probability signal going up.
The BTC wedge has continued as shared from my previous analysis. However I noticed something on the RSI. This should be interesting if this bounces back. And if it does, I think that we can confirm the direction once another leg of the daily stochastic RSI is formed. the conditions will be this. IF the RSI creates a higher HIGH, then we are going up and if it...
Since January, BTC's falling wedge has been pointing down and signaling the bottom. But this time, the course has changed. BTC has now broken the bearish divergence from the peak. No one can know now if it can still correct to 14K levels but one thing is for sure. It is now time to accumulate.
BTC is forming a wedge while in bearish divergence
Sharing some insights that you might find interesting. Hopefully this will be the bottom.
Using Fib extensions to know how long the bottom can go. Seems like if we hit the golden ration 1.618, $4K will be deepest cut!
BTC bottom might not be there yet.. It must be able to break this trend until we can say it's the bottom:)
The hidden bearish divergence is still there. So be careful when doing your trades.
After BTC bouncing at the lower part of the wedge, it may continue to go up until the fibonacci. This is is just my thoughts, it may not happen.
Just checking out this bullflag from DOT. Hopefully this will come true :) hahahah but maybe not :)
Publishing this since it has formed perfectly. Hope this will help you decide on your trades guys! Thanks.