RSI Breakout from Downtrend Line (8H)
• RSI broke out from a descending trendline after bouncing from a long-term rising support.
• This indicates a possible momentum reversal, confirming bullish divergence strength.
• The breakout is accompanied by a sharp recovery in RSI value from the 37–40 range.
BTC Dominance Price Action (8H)
• BTC.D has broken out from a descending structure after a double-bottom and trendline retest.
• Price has reclaimed the 65.5% zone, confirming the breakout with strength.
• Structure: HH → HL → Breakout = bullish continuation likely.
• Key support remains at 65.05% (0.236 Fib), while a move above 65.66%–65.79% (Fib confluence zone) will confirm further upside.
• RSI broke out from a descending trendline after bouncing from a long-term rising support.
• This indicates a possible momentum reversal, confirming bullish divergence strength.
• The breakout is accompanied by a sharp recovery in RSI value from the 37–40 range.
BTC Dominance Price Action (8H)
• BTC.D has broken out from a descending structure after a double-bottom and trendline retest.
• Price has reclaimed the 65.5% zone, confirming the breakout with strength.
• Structure: HH → HL → Breakout = bullish continuation likely.
• Key support remains at 65.05% (0.236 Fib), while a move above 65.66%–65.79% (Fib confluence zone) will confirm further upside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.