These two dumps looks very similar (Daily Analysis)
We still are bullish on the 4h timeframe, because we have not broken the neutral zone on RSI and not broken major support as well.
So for me, Bitcoin is still Bullish, SPX500 is now closed for the weekend, which could let us breathe a little bit, as you know how correlated SPX500 and Bitcoin are.
Look at the two dumb I've highlighted, they look very similar. Will it make the same pattern? I don't know, but I wouldn't be surprised then. I still wait for prices to go touching these white zone.
They have a similar price action and RSI.
Now the pattern will obviously be different at one moment, but that good to have that in mind.
So probably bullish day if we are strong enough to hold that dump.
So for me, Bitcoin is still Bullish, SPX500 is now closed for the weekend, which could let us breathe a little bit, as you know how correlated SPX500 and Bitcoin are.
Look at the two dumb I've highlighted, they look very similar. Will it make the same pattern? I don't know, but I wouldn't be surprised then. I still wait for prices to go touching these white zone.
They have a similar price action and RSI.
Now the pattern will obviously be different at one moment, but that good to have that in mind.
So probably bullish day if we are strong enough to hold that dump.
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