ichampnick

ichampnick

DXY is showing bullish weakness and could be forming a potential doubletop pattern which is a bearish reversal pattern. I also am spotting bearish divergence. Ironically assets like bitcoin who usually have an inverse relation to the dxy are putting in Bullish patterns on the same time frame ( falling wedge) with bullish divergence. If that isn't interesting...

ichampnick

Looking at the chart unbiased, the chart is showing a clear falling wedge with bullish divergence on all my indicators. Sentiment is completely bearish and we have a fomc meeting tomorrow around 1pm est. I would be looking to take a long position here. Conditions are right for a bullish reversal. Follow me for more ideas about bitcoin

ichampnick

Bitcoin is in an obvious uptrend now , while currently flagging out on the 15 minute chart. It also is back inside the macro wedge and trading there. This dump to 42k was to wipe the leverage out of the market. We quickly bounced back above the 200 daily ma. Bitcoin is bullish right now you'd have to be blind to not see it 🙂

ichampnick

Hello , please try to remain calm. Sit down and have some hot tea and honey. Relax. Mir is about to go to the moon. In these fearful times , you need to rely on indicators and not emotions. Let me paint the path. Stochastic RSI on the daily is showing over soldand bottomed. Actually it's completely floored. Market Cypher is showing a bottom on the daily. Just a...

ichampnick

Broke trend line , on the hourly , stochastic shows room to drop. I expect a drop to around 19