Clear bear flag on the Dow Jones + Bearish RSI divergence
Possible head and shoulders on the DJI, opening the oppertunity for a bullish upswing on a small time frame. In the big picture things still seem bearish, keeping in mind the recent interest rate spikes by the FED and the ongoing tradewar with China.
DJI Bullish divergence is appearing forming a descending triangle indicating an upswing
Bearish divergence on the RSI and last day closed with a bearish candle, heavy pullback imminent.
BTC has broken out from the RSI resistance and made a significant run up towards 10K USD breaking all types downtrend. This pump couldn't sustain itsself and it corrected when it tried to inch towards 10K with traders taking profits. This correction has been very significant, with bitcoin dropping over 1000$ in one day. This correction was needed but it was sharp...
Bitcoin has been in a significant upwards move in the last couple of days and has now neared the logaritmic downtrend resistance. The RSI on the 4 hour is overbought and the daily RSI is hitting resistance right now. Also the market has greatly turned euphoric, pointing to atleast a small correction. Knowing how fragile this market is this could quickly snowball...
BTC is forming a large bart, it has tried to break 8300-8400 for a couple times but it has failed. A correction towards 7000 is due, forming a wedge.