Bullish divergence is developing on the daily as well as 4 hour timeframes on MACD + RSI.
A 30%+ correction and bounce off the 61.8 fib as well as the 200 day EMA.
Very possible for a giant inverse H&S to develop over the next few weeks if we see a reversal here.
Bitcoin dominance is at multi year lows and bounced at 40%.
A 30%+ correction and bounce off the 61.8 fib as well as the 200 day EMA.
Very possible for a giant inverse H&S to develop over the next few weeks if we see a reversal here.
Bitcoin dominance is at multi year lows and bounced at 40%.
Note
Assuming $42K was the low, the 1.618 fIb extension is around $78.5KNote
Looks like it went a bit too deep lol
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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.