Is there a bear flag on the 1M chart? The 1 Month StochasticRSI says: yes worst case scenario in play… maybe? Is this even realistic? It would certainly fit into the crazy social and economic times we are in. What do you guys think?
After a very weak bullish trend (with a lot of overlapping), the trend reached the 0.5 fib retracement and got even weaker. and not only that! the 1M chart is in a light overbought territory the 2W chart turned downwards and the weekly chart has MANY divergences we also have a possible double top AND/OR rising wedge. looks like there is more blood (red)...
When the 1WEEK ALMA RSI is >= 80 an the price hast not moved up much… you know something is wrong! Some Elliott wavers on YT predict 16k to 14k. So brace for impact.
October 2022 is closing with an bullish engulfing candle which it has done several time before! Also MACD is showing positive momentum (histogram). Ready? Set Go
I just discovered that… the 200 EMA, the 200 DEMA, the 100 EMA, and the 100 DEMA together on the 12h chart explains a lot … ^^
Another hint the bull market is about to start. Almost every time the 1D CCI had an extrem of around +350… BTC was on it's way to a new ATH. Except for Nov 2014 ^^ just sayin' ;)
Nice point made by Tom Crown. Every time the MACD showed decreasing momentum on the 1M chart, it marked the bottom and the start of the bull run. Keep in mind… this is just ONE indicator and currently we have a never seen before financial, economic & social situation. Keep smiling ;)
There is not much to say … the fib retracement speaks for itself! it all depends on how you position it … NOTE: For the alltime fib not the 69k high value is taken for the top, but the *close* of that month => 57k Right now we are exactly inside the *golden pocket* … beautiful :) and the 2021-2022 fib fits perfectly on pretty much every monthly candle ^^ You...