BTCUSD has been reminding us of the beginning of the bear trend that lasted 2 years. But I see signs of continuation to the upside on the 1D chart. Yes RSI is hot on 1 Week and 1 Day, but we know that at all time highs RSI is not the end all. So this recent FEAR AND PANIC could be just an accumulation and a slight rest with a touch of the ICHI clouds and then a...
We have the beginning of a macd x on the 4 hr. Tenkan Sen, about to cross Kijun Sen on the Ichimoku. Chikou Span crossing above previous the price line, and price breaking out of cloud will be another bullish confirmation. RDD is giving us more and more signs. As always be careful, set stop losses and/or alerts, never panic.
Few directions. LSK very strong during BTC uncertainty. If BTC gets bullish confirmations or goes sideways LSK could have a very strong run to All Time Highs. IF it breaks down we could have seen the top already, and it confirms my related idea "LSK top."
I zoomed out on BTC and immediate remembered the Stages of a Bubble diagram by Jean Paul Rodrigue. At the same time I am bullish on Bitcoin long term. Always nice to check yourself and your hope, markets dont care about how you feel. "Never fall in love with a stock".