RSI now flashing a lower low on weekly vs price higher low (Hidden Bullish Divergence)
This means downside momentum is peaking (fear), while price is not crashing (smart passive bidding)
This typically results in a new high in price and can extend to 36-40k in this case.
This means downside momentum is peaking (fear), while price is not crashing (smart passive bidding)
This typically results in a new high in price and can extend to 36-40k in this case.
Note
very bullish here at $25,000 unless you believe it's selling off to $22k Note
Note
Note
similar patterns before, likely to resolve to 32.0 now
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Related publications
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.