bitcoin trendline magic, Round IIas the last one didnt materialise on the lower time frame, the higher 12h (tbts favourite) timeframe is showing upside potential when trading the convergence.
Tbts
61000-61500 could be big resistance for bitcoinwe will look for a reaction at the 0.5 fib, diagonal and weekly OB.
quick TA on bitcoin, lets see if we get the bounce at 53800quick bit of TA on bitcoin, looking for price to find a local low around 53800 before pushing back up to test the weekly resistance
dxy has bottomed in a falling wedge with bull divthe dxy has created a falling wedge pattern that when broken will see some upwards movement.
the bullish divergence and key level on the rsi trend shows that this is an interesting position for opening a long
invert trendline magic shows cme gap fill is possiblei didnt have much luck with this method on the invert last time but its certainly food for thought here...
anyhow if your questioning what to do, wait for convergence and short the breakout
bitcoin; diagonal trendline break and we target +11s againyouve seen this enough times on my profile to know how this works.
rsi would ideally close past orange trendline and then retest it before the shot upwards.
weekend volume making this sluggisg, meh
liking the looks of a bitcoin long here3day trendline touch with support below
rsi still positive
push price to diagonal
bitcoin diagonal trendline magic version whateverwait for convergence the descending convergence and sell the ascending...
drop me a pm - happy to discuss trade details
All my scripts say short bitcoinscriptA = just confirmed bearish turn
scriptB = below trend line and below 50 rsi
scriptC = bearish
if the price can reclaim the yellow diagonal then we may see a push up however without closing above the clouds it will be a short lived pump.
