got ourselves some classic lower low and higher lows.
zoom out. chill out. relax, don't panic. Also look at weekly. Looking to btc and end of DEC
My previous chart predicted a bearish divergence and this played out. Now there is a possible head and shoulders forming. However, Cardano does appear to be showing strength and this may be invalidated soon. I think it wholly depends on BTC movements. Right now BTC just hit a new ATH and the market followed this. I think ADA is showing strength in the RSI. Key...
Could be a drop before the next leg up. I'm bullish on BTC long-term over the next year, and I do think it will pump in DEC, but short term looks bearish
do i have these flag patterns drawn correctly? Getting back into trading. Breakout confirmed?
BTC also dropped on this same day during last bull run.
I think it is highly likely this Hidden bearish divergence will play out. The RSI has been doing exactly what I've predicted. RSI making significantly stronger upwards moves than the price action. I think RSI will move to target and price action may continue to move up in the short term until RSI reaches that target.
Finally the Divergence is playing out, plus there's some rumors and news trickling out about FTX.
So we just had a hidden bearish divergence form the past week and it played out. However, it could still play out even more as observed in the chart. What confuses me is the fact there is also a bullish divergence playing out at the same time. Lol, can anyone explain this to me??? so if bullish divergence plays out, RSI will creep up, price too. Then hidden...
Just a quick hidden bearish divergence forming, I'm picking up on this pretty quick.
On my last post I predicted BTC would fall during the weekend potentially to 57k. This analysis is invalid by todays pump. Over the past couple of months BTC has pumped during weeks and gone sideways or fallen during weekends. This pattern was reversed this weekend. This may signal the start of a new trend, "pump it up weekends." I believe end of month is 98k.
Hidden bullish divergence on BGFV expect a strong breakout
BTC despite the doom and gloom looks strong. We will see BTC rise up to ATH soon.
Could the previous move up be a bull trap? Comment what you think!
Bitcoin makes a big dump. I'm predicting as the price of bitcoin increases the dumps will also be bigger. Remember we have to follow this logarithmically. I expect more volatility ahead. I am expecting 98k end of month. I think BTC is being setup for a huge pump right here, Quickly shaking off the leveraged longs.
www.reddit.com Please refer to the reddit post for more info^^^^^ According to iborrowdesk.com There are only 300 shares available to be shorted and on top of that borrow fees have risen to 7.8%. You know what that means SHORT SQUEEZE
I think Cardano has now confirmed it's breakout. I expect some volatility in the coming days. I believe Cardano will act very independent from BTC. Meaning I don't think it will be affected much by BTC swings as some other crypto currencies. I believe Cardano will retest ath's in this next push up and reach $4+.
www.reddit.com In-depth analysis, can explain better than I can.^^^^^^ But essentially a similar situation to GME was. A highly shorted stock that is debt free, making profit, and other good fundamentals. Currently BGFV is the most shorted stock in the market. The special interest date will be a big event. Whether it squeezes or not, this stock is a great buy....