I believe the bear market is close to coming to an end. Of course, if there is a final big dump it could be massive. Bitcoin will be bullish, as long the low it puts in is higher than the covid low. That means anything above 4k, will be a higher high in price and lower high in the RSI. Textbook bullish divergence is in play, although max pain could mean bitcoin...
While I don't think the bear market is over, the daily and weekly charts are way oversold. I suspect we will close this months candle around 23k, with a strong chance of continuing down after. The bear market will end when BTC hits oversold on the monthly chart. I think that will likely be this year, if not next for sure. But I am long.
before longing this, it may be best to wait for it to fall more. Once the rsi falls into oversold it should be a money long
I think bitcoin will hit oversold on the monthly rsi. Eventually, but it could pump in between. I think the best spot to short might be 27k-31k, as soon as the rsi meets that moving average. After a decent pump if resistance holds, I expect BTC to fall even more.
The setup looks good. I would never go all in on this shit, but it seems as about as oversold as it can get. If it gets going, it will be a runway to the moon
I can see this above 20$ at the end of the year. Rsi is looking good, ready to be back in the overbought territory. Launch
I believe as long as support at 43750 is strong support BTC can break out higher. The trend line must hold as support, if not price may be going much lower. Seems there is fair resistance here but I still think BTC deserves a chance
rsi keeps going up while price is decreasing, this can be a sign of a reversal. if the rsi continues up, could see some insane price swings. vix calls?
I think the dollar is looking pretty strong. It has a lot to prove but the momentum is strong and that divergence cool moonshot it
I think there is a strong chance this uptrend could continue. Nothing says it has to pump to this trend line, but my gut says it can.
Its a longshot. But a super cycle is still possible, I think it makes just about as much sense as capitulation at the moment
the EMA ribbon should be strong support. Long the dollar above 94, it may be consolidating for the biggest blast off in history
There are many things uncertain in life. But this bullish divergence on the RSI macd curl cannot be ignored. I am long in 2022
Price looks like it could start losing ema support. if the ema ribbon is lost the strongest support will be the 200 week average and the old all time high. 20k
we have bottomed after big run ups on the 100 ema before. I give it a 50/50, it will either hold and bears will capitulate. or it will break and the bulls will go to mcdonalds
is there an opportunity to long here? why not chance one right, small position...
If price and rsi can hold perhaps a nice bullish divergence will play out. I am long
Once support at around 33k is lost I predict BTC will fall off the face of the earth. I think its safe to keep building shorts as long as no higher high is put in..... and if this breaks down the way I think it could watch out