BTC correction trendline
Updated
bounce points, supports and resistances shown with fibs. .382 fib is between 57 and 55 k support lines from the VPVR. strong bounce from there as it tags the RSI20 would be a bullish scenario.
volume during dips has not gone down, more dips to come methinks.
volume during dips has not gone down, more dips to come methinks.
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The VPVR POC for the october bull run is at 55k and aligns with the .382 retraction which would complete a giant bull flag heading into november...Comment
looks like BTC has jumped out of the corrective channel after absorbing a big sell off and following up with a nice pump. bullish AF. cautiously optimistic that the 60k support would hold during the next dip. A bounce from there would make a higher low on this time frame.Comment
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note bearish RSI divergence for last 2 peaks on the hourly... dip possible this weekendComment
do we have a breakout from the correction channel or am I high on hopium ...
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