Reversal pattern is showing extreme divergence on RSI suggests that ETH/BTC is going to 0.1 area back again!
RSI divergence on the weekly chart indicates that we can expect a massive rebound. I anticipate an all-time high by Q2 2025
-70% is coming fast The divergence is forming on a weekly chart. Can pump more before crash but not much. Would be a nice opportunity to grab Pepe there!
The market would also have the option to experience a MIL:1M + movement if there were a sell-off in US Treasury bonds. For example, if the Bank of Japan were to raise rates to combat Yen depreciation, they might inadvertently initiate a spiral that forces them to sell US Treasuries, potentially leading to market collapse. In this scenario, what would be the only...
DCA folks, it's a lifetime opportunity. It looks like volumes and the overall trend are too weak to break immediately to ATH. Also, most of the market is imminently bullish, which is usually an indicator of false judgment. BTC will retest the bottom, crushing all hopes and empty paperhands before heading to new highs.
/ I have pointed out the divergence (double heights + decline on RSI) on November 2021 that drives the current correction / Now we are about to finish the downtrend / Still some sideways/mere down movements are possible for a period of 1-3 months / The road to a new ATH wouldn't be a straight line (as drawn) ..lol / Timewise it would be in the 1H of 2023
RSI and Prive weekly divergence will drive Bitcoin to $20000 - $25000 area in Q1 2022