— Bitcoin price movement hypothesis —
Two bullish divergences, one on MACD and another on RSI announce a potential imminent pump on Bitcoin. Those signals need to be validated by an important green candle crossing the EMA20. We can also find a bearish Gartley which will be validated by reaching the 4740$ price. Notice that there is a last high point resistance on that area.
At 4740 price will reverse (bull trap) and free fall into the target at 3470$.
For this hypothesis to confirm bulls need to push the price above the 4400$ resistance which VPVR and past supports mark it as a pain point to travel through.
Two bullish divergences, one on MACD and another on RSI announce a potential imminent pump on Bitcoin. Those signals need to be validated by an important green candle crossing the EMA20. We can also find a bearish Gartley which will be validated by reaching the 4740$ price. Notice that there is a last high point resistance on that area.
At 4740 price will reverse (bull trap) and free fall into the target at 3470$.
For this hypothesis to confirm bulls need to push the price above the 4400$ resistance which VPVR and past supports mark it as a pain point to travel through.
Note
The pattern has didn't validate.
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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.