The 4hour RSI is forming a triangle with a decision point by May 4th 2021 which also aligns with a Fibonacci Time Zone.
The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift.
Important Points
44000 is where there 21 Weekly EMA currently sitting
May 4th Fib Time Zone .
Fear and Greed Index 27 (that's only 15 points of COVID fear levels!)
alternative.me/crypto/fear-and-greed-index/
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
The 4hour RSI also has formed two lower higher points , to early to call bullish divergence but a third lower high and we would start to see momentum shift.
Important Points
44000 is where there 21 Weekly EMA currently sitting
May 4th Fib Time Zone .
Fear and Greed Index 27 (that's only 15 points of COVID fear levels!)
alternative.me/crypto/fear-and-greed-index/
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
Note
don't trust this bounce one bit , less see how it plays out
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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.
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.