BTC Bearish Divergence or Upwards Consolidation?
Fractal analysis.
Commento:
Fake out. Upwards consolidation still in play!
Fake out. Upwards consolidation still in play!
Commento:
If we're consolidating upwards. I'm targeting 92k.
If we're consolidating upwards. I'm targeting 92k.
Commento:
If we break down this is what I'm seeing.
If we break down this is what I'm seeing.
Commento:
Nice bounce off kumo twist @56k. I don't want to see a close below otherwise upwards consolidation play is done for.
Nice bounce off kumo twist @56k. I don't want to see a close below otherwise upwards consolidation play is done for.
Commento:
Fractal comparison update. Redrew the squiggly to fit the time frame a bit better.
Fractal comparison update. Redrew the squiggly to fit the time frame a bit better.
Commento:
uPwArDs CoNsOlIdAtIoN
Commento:
3 Day bearish divergence on RSI negated. Conservative 1st target zone 68-74k. Blow off top 92k-120k.
Commento:
RSI currently sitting on 44. 2016/2017 bull run respected this level. Would Ideally like to see this hold, but price action seems to want to see lower.
RSI currently sitting on 44. 2016/2017 bull run respected this level. Would Ideally like to see this hold, but price action seems to want to see lower.
Commento:
Ded.
Ded.
BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist.
Kandinsky is generally credited as the pioneer of abstract (ch)art.
Kandinsky is generally credited as the pioneer of abstract (ch)art.
Not a good look here. Think 3-day RSI tests 50-40 area.