BTC -The Bullish Scenario- from this DUMP!!!
Updated
IF We see good bounce from here some things I'm seeing are:
$ Bullish divergences:
4, 6, 12 and Daily Time Frame (Need to reverse though to confirm the upswing on RSI)
$ Descending broadening bottom pattern
$ Hit the 50% retrace for overall 6440-10400 FIB on log
$ 1 HR cooked at 8-10 very historic low
$ Bullish divergences:
4, 6, 12 and Daily Time Frame (Need to reverse though to confirm the upswing on RSI)
$ Descending broadening bottom pattern
$ Hit the 50% retrace for overall 6440-10400 FIB on log
$ 1 HR cooked at 8-10 very historic low
Comment
Also yes the bearish Head and Shoulder could play out but since everyone and their mother is talking about it usually is when to look outside the box for other patternsDisclaimer
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.