But, Ill be spending winter on the beach. Because rsi has hit on a weekly only three times in oversold. And each began a new wave to ATH. So I'll see you at 8k
We can see that on the technical side we're forming bullish divergence similar to past uprisings. Further, every daily RSI unsold had led to a break up after moving into an upward RSI forming trend which we have now. Fundamentally, the project has never been stronger. Is this the perfect storm?
Seeing rsi bounces at oversold levels for past 12 hrs
In my view our macro shows a reversal. Now what comes next is targets. EOY I don't see much more than 30-31k. Each year after I have marked in horizontal lines as targets. Try me.
We see strong regional support with a long trend of consolidation and a wait to break up
I'll definitely regret making this analysis but someone has to
We see btc daily on a major downtrend hitting crucial, if not future referencing support levels dependent on it's reaction. This level has held on major reversals upward and we can see on RSI similar bullish divergences now and on the last break up from this support level. We rarely hit this level of oversold on daily and whenever we have a major reaction has...
In a descending triangle channel also leaning close to regional support with CCI showing lower than average price and usual moves up at this index level with ROC hovering above 70% momentum upward equating to divergence and a look for reversal. Price motion could show breakout to a familiar resistance of 35k and profits 17-20%. Though, a test at 29k or 28.5k is...
Set aside external sentiment and fa for a moment. Let's talk logic, R/R and price action. This whole drama has caused luna to seemingly be birthed back to its beginning. The tech and value remain uncertain. The risk reward does not. I'm long.
The amount of longs we see are unprecedented and have usually correlated with price. This divergence suggests a big correction upward soon.
I'm ready for the next parabolic run, are you?? Following up on last idea with key resistances.
Bull case of previous idea with resting support and a break up to a new ATH
Btc has about 2-3 channels if can run right now, and no indication of a bull or bear full on scenario. However, one of these channels has to break. And once it does, it will be clear.
Luna will push ATH, but I'm not when, but it will hit 200.
On the weekly, 45k is the most difficult resistance by far to overcome for btc. We can see every time we wick or touch down at 45 3 times on 3 separate occasions. Each time on the third it breaks out. This is the 3rd time. If this doesn't break out, I see us either in one more week or after retesting 38 or 35 again.
Showing a precisely similar pattern and breakout as historical movement would go and would fit into parabolic motion.
All it does is form descending triangles. It's very annoying. Mid short term analysis. 40k hopefully.