Now that a new somewhat trending market structure is starting to form after the recent "blackswan" triggered dump correlated to the tradition markets, here's a re-look at the SPX normalised Bitcoin chart to look out for bullish decoupling in a time where the traditional market remains bearish.
In summary, for BTC to switch into a bullish "decoupling" phase wrt to the traditional market, the ratio needs to at least break up above the Ichicloud and finds support; at least that is where I will set my buy in point (at around 2.36, and then stop-loss at below 2.09 after).
See initial look and discussions on this experimental analysis attempt:

In summary, for BTC to switch into a bullish "decoupling" phase wrt to the traditional market, the ratio needs to at least break up above the Ichicloud and finds support; at least that is where I will set my buy in point (at around 2.36, and then stop-loss at below 2.09 after).
See initial look and discussions on this experimental analysis attempt:

Note
Traditional market still looking bearish long-term. But somewhat bullish on the shorter term (dipped too fast, expect to see a Hooke's Law, F = -kx effect about the SMA equilibrium) too -- ready for a plausible fakeout higher with the economy having just been fed [pun intended] a massive amount of potassium enriched banana galore!Note
CYBER ENSEMBLE also flashes blue "BUY" signal.Note
i.e candles supported by the green line over the past 4 candles.Disclaimer
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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.