Potential Bullish Divergence on Monthly Timeframe
Check out the thick pink lines and let's see where the RSI is at when the June candle closes.
A bullish divergence on the RSI on the monthly timeframe has the potential to sling price upwards past 100k.
This is EXACTLY what you want to see if you want to see another massive runup in price soon. This could be the "double bubble" I've been thinking might happen during this cycle.
Price could potentially dip further...a quick dip to 20K is not out of the question but once the selling pressure dries up...the next part of the bull run very well might pick up steam and continue on.
I'll be watching this closely to see what happens.
Peace, Love, & Crypto,
B166ER
A bullish divergence on the RSI on the monthly timeframe has the potential to sling price upwards past 100k.
This is EXACTLY what you want to see if you want to see another massive runup in price soon. This could be the "double bubble" I've been thinking might happen during this cycle.
Price could potentially dip further...a quick dip to 20K is not out of the question but once the selling pressure dries up...the next part of the bull run very well might pick up steam and continue on.
I'll be watching this closely to see what happens.
Peace, Love, & Crypto,
B166ER
Comment:
This divergence got busted when Bitoin ran up to 52K.
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
