Bitcoin Bottom Is In!
Bitcoin (BTC/USDC) is looking amazing on the daily chart. Not planning on getting shaken out by this one!
Reason why I believe this local bottom is in:
Major hidden bullish divergence on the daily MFI
Regular bullish diversion on 12H MFI
Declining sell volume while price drops
Low volume on that drop yesterday (that was the capitulation candle imo)
Inverse head and shoulders (reversal pattern)
Hidden bullish divergence on the weekly BTC Dominance chart
Approaching bullish cross between MA50 and MA100 on weekly BTC Dominance chart (expecting a surge in bitcoin dominance leading up to this cross)
Over $1000 CME Gap to be filled
Bitcoin Halving fast approaching!
BTC Dominance:
Bitcoin CME Futures (Almost time to fill that gap!)
Reason why I believe this local bottom is in:
Major hidden bullish divergence on the daily MFI
Regular bullish diversion on 12H MFI
Declining sell volume while price drops
Low volume on that drop yesterday (that was the capitulation candle imo)
Inverse head and shoulders (reversal pattern)
Hidden bullish divergence on the weekly BTC Dominance chart
Approaching bullish cross between MA50 and MA100 on weekly BTC Dominance chart (expecting a surge in bitcoin dominance leading up to this cross)
Over $1000 CME Gap to be filled
Bitcoin Halving fast approaching!
BTC Dominance:
Bitcoin CME Futures (Almost time to fill that gap!)
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