Sideways 101 before exponential move up
Clear fractal playing out imo.
People say ignore RSI for BTC but the hidden bullish div that played out over several days recently was always going to lead to this push up, why? Because it has in the past. Because it usually does. Because momentum was swinging, it just needed to take the elevator a couple floors down to pick up what it needed.
The big boys have their wish, they got some cheap BTC, we'll range now in to early next year before exponential move to new ATH.
Rinse repeat.
Bears hoping for sub 5-6k BTC will take their orders to the grave.
People say ignore RSI for BTC but the hidden bullish div that played out over several days recently was always going to lead to this push up, why? Because it has in the past. Because it usually does. Because momentum was swinging, it just needed to take the elevator a couple floors down to pick up what it needed.
The big boys have their wish, they got some cheap BTC, we'll range now in to early next year before exponential move to new ATH.
Rinse repeat.
Bears hoping for sub 5-6k BTC will take their orders to the grave.
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.