Reversal Potential
Bullish:
RSI Reversal divergence
MACD Reversal divergence
Large volume spike on a few exchanges
TD Sequential relevant zone
Downward Channel, near bullish breakout
Bearish:
Bear flag on the 4hr in a right angle triangle (2x bearish) with a mean engulfing bearish candle followed by inverted hammer rejection candle. Reminds me of the 2018 drop.
Dependant on the US Dollar, which has been experiencing substantial gains.
SPX downtrend and money leaving the market, although, explain the volume on BTC…?
But despite the dollars surge, 20k has held well, which means BTC value is climbing similarly to the value of the USD. Which means NOW! would be a good time to swap $ for BTC, because of the ratio.
Also, other alts showing Cup n’Handle and INV HNS shoulder patterns, in conjunction with double bottom for BTC, so if you ask me, BTC (alts) have already reversed and the progress is being suppressed by the climbing dollar. So in the event the UUS loses significant value, we might see and exponentially larger BTC candle.
Not to say low 18’s and (AGGHHH) 10k is possible, because it is, I’m just saying, it’s looking reversing to me. I’m in.
RSI Reversal divergence
MACD Reversal divergence
Large volume spike on a few exchanges
TD Sequential relevant zone
Downward Channel, near bullish breakout
Bearish:
Bear flag on the 4hr in a right angle triangle (2x bearish) with a mean engulfing bearish candle followed by inverted hammer rejection candle. Reminds me of the 2018 drop.
Dependant on the US Dollar, which has been experiencing substantial gains.
SPX downtrend and money leaving the market, although, explain the volume on BTC…?
But despite the dollars surge, 20k has held well, which means BTC value is climbing similarly to the value of the USD. Which means NOW! would be a good time to swap $ for BTC, because of the ratio.
Also, other alts showing Cup n’Handle and INV HNS shoulder patterns, in conjunction with double bottom for BTC, so if you ask me, BTC (alts) have already reversed and the progress is being suppressed by the climbing dollar. So in the event the UUS loses significant value, we might see and exponentially larger BTC candle.
Not to say low 18’s and (AGGHHH) 10k is possible, because it is, I’m just saying, it’s looking reversing to me. I’m in.
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