Good morning Traders
On account of brrr machines sustaining market liquidity, here's a macro bullish count. Bitcoin does seem corrective on this rise but could be completing a larger wave 2 before the real fun begins. For now we have a 3-day MA50/100 cross followed by a bullish retest and confluent with hidden bullish divergence on RSI.
Dollar index also not looking too healthy on the HTF. You know what that means for crypto and stonks!
On account of brrr machines sustaining market liquidity, here's a macro bullish count. Bitcoin does seem corrective on this rise but could be completing a larger wave 2 before the real fun begins. For now we have a 3-day MA50/100 cross followed by a bullish retest and confluent with hidden bullish divergence on RSI.
Dollar index also not looking too healthy on the HTF. You know what that means for crypto and stonks!
Note
Just noticed a mistake with the fib retracement but still has the same result.
Related publications
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.
Related publications
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.