The hourly chart is oversold. Target is ~27,100 Hourly close under 25,925 invalidates this setup. Good Luck frens 🤝
All momentum oscillators are beat into the ground. At minimum, a relief bounce is likely. Nothing is guaranteed. A nine-hour candle close below ~25,123 invalidates this setup. Good Luck. 🤝
Stoch turning down in the bearish control zone. RSI bearish. BBWP Expanding. Don't forget to take profits & buy the dip, it is a bull market after all. 🫡
Drawing fib extensions from cycle lows to cycle highs reveals that, historically, the 0.786 weekly reclaim represents a massive buy opportunity. The trade is not active until a *weekly close* above the 0.786 at $17,284.2 takes place. GLHF 🤝
The horizontal lines are literally just the Fibonacci sequence plotted on the bitcoin chart. The news cycle is picking up in a positive way, more regulatory clarity, and potential ETF approvals a year prior to the estimated halving date could provide the narrative needed for the mythical "double bubble."
Low RSI Bullish divergence on the RSI Bullish harmonic Double Bottom On meaningful (Weekly) support Invalidated upon meaningful closure below the prior low. That's it. GLHF 🤝