as the last one didnt materialise on the lower time frame, the higher 12h (tbts favourite) timeframe is showing upside potential when trading the convergence.
we will look for a reaction at the 0.5 fib, diagonal and weekly OB.
quick bit of TA on bitcoin, looking for price to find a local low around 53800 before pushing back up to test the weekly resistance
the dxy has created a falling wedge pattern that when broken will see some upwards movement. the bullish divergence and key level on the rsi trend shows that this is an interesting position for opening a long
i didnt have much luck with this method on the invert last time but its certainly food for thought here... anyhow if your questioning what to do, wait for convergence and short the breakout
youve seen this enough times on my profile to know how this works. rsi would ideally close past orange trendline and then retest it before the shot upwards. weekend volume making this sluggisg, meh
3day trendline touch with support below rsi still positive push price to diagonal
wait for convergence the descending convergence and sell the ascending... drop me a pm - happy to discuss trade details
mid channel breakup in line with global crisis @2300 or greater later
scriptA = just confirmed bearish turn scriptB = below trend line and below 50 rsi scriptC = bearish if the price can reclaim the yellow diagonal then we may see a push up however without closing above the clouds it will be a short lived pump.