Bitvoin
Bitcoin log scale shows a completed H&SIf you apply the log scale to bitcoin, choose the weekly time frame and measure the projection of the evident H&S that has formed with the ATH... guess what?
The target has just been reached! The figure looks perfect and the correction might just be over.
Of course, this is log scal, not regular, and the market is not following the mood.
However it is advisable to keep an eye on such TA figures.
21 divergences on 30m. A closer look.I carefully pointed out all the important divergences a person can find on this 30m chart.
Please notice the chart displaying two correction forms, two twin brothers.
Everyone is looking at the differences between these two twin correction movements
in order to be able to identify the pattern breakage before it actually happens.
I used two RSI with 14 and 56 RSI values.
See how the "classic bearish divergences" are not present in the second
correction model(the latest, not yet fully formed one).
This lack of bearish(strong) divergences may signal that the bears
have just become a little weaker!