A. BTC has hit the decreasing trend line. This line limits the BTC peaks since the all time high
B. Heikin Ashi Cross. This is a reversal sign. There was not any for the last 3 months.
C. RSI cross over with RSI average. This is the first one since the bottom.
D. Volume Impact is negative. And there was a divergence between Price and Volume Impact
See how it is showing we are in the buy zone in 1w
- We are on the 2nd BItcoin dip and the volume dip is far less.
- :ast green volume area. Buys are increasing as prices drop. This is a proof
This is showing people are heavily collecting bitcoin and prices will totally swing the other way
Now actually. Alt coins drop when bitcoin drops. So...
Bitcoin is in a rising pitchfork. Blue regions are high possiblity. Red regions are low possibility. Yesterday's top price confirms this border.
Min Price: 6200... This is where blue band of pitchfork and wedge roof (see below) intersects. The price is not likely to fall further.
Max Price: 7290... Tops are descending since December. This is where pitchfork...
The blue price line behind is global crude oil price (Brent Crude Oil). As you see, Bitcoin price movement is mirroring the crude oil price movement. This behavior is especially visible at 5 min tickers.
I guess we can utilize the crude oil trend for bitcoin forecast.
This also shows that Bitcoin news are lemon. Especially, today everybody said that Bitcoin...
This is an educational idea to highlight what happened in the last days.
Regression tool is showing what is going on nicely. I love it.
Between the 2 falls the up-trend is very weak. The volume is very low. Hence bulls cannot take over.
This is an oscillator based on both RSI and Stoch RSI.
During bear runs it stays below zero to prevent unprofitable buys.
When the price is peaking it stays 0 to prevent a damaging buy.
I developed this on TRX/BTC. It is yet to be tested on other pairs.