BTC speculation: Final stages of bear market
it looks like RSI on weekly BTC chart is gearing up for final stages of this bear market:
- giant falling wedge - no breakout just yet;
- bullish RSI divergence formed - this should push price upwards short term... but I do, however expect final capitulation push effectively forming double double divergence;
I would speculate that we will have a push up to 19,5k or so followed by rapid capitulation to 13,6k (which is also a fib retracement level of 0.85)
just my 2 cents ;)
- giant falling wedge - no breakout just yet;
- bullish RSI divergence formed - this should push price upwards short term... but I do, however expect final capitulation push effectively forming double double divergence;
I would speculate that we will have a push up to 19,5k or so followed by rapid capitulation to 13,6k (which is also a fib retracement level of 0.85)
just my 2 cents ;)
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