First time I drew a deep bullish crab - we're going to see if it works out.
Note
By the way, I am not bullish at all on bitcoin at this moment. The weekly RSI dropped below 50 (median line). We'll have to wait for the week to close for confirmation, but this hasn't happened since the start of this bullrun in 2015.
Note
Also, this is the first time we had a daily candle close below the .5fib, counted from the low of the start of the bullrun in 2015 ($162).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.