We can see from the pattern and RSI ranges a very clear difference in the relative height between beaks.
Divergence is most likely somewhere between these peaks.
I expect another downwards trend toward 6.2k range in the future.
Shorting using DCA
(-6943,-6965,-7030), 5x, Perpetual swap
ADA/BTC pricing is currently sitting right on the .786 Fibonacci retracement line, taking this into account with an RSI value nearing 30 (underbought) we may very well see a bounce off of this Fib. extension line.
If ADA does not bounce off of the .786 Fib. retracement line we may see a full retracement.
I marked accumulation/support zones as green (.786 fib, 1...
BTC potential falling wedge
We will most likely see high 7k before BTC attempts to puncture upwards.
We can see from the BB there is a large amount of volatility currently and a drastic price movement in either direction is plausible at this point.
Based on previous fractals w/ BTC I expect it to bounce off log diagonal support.
ETC Inverse H&S Textbook example
Base formed @ approx $25
Head formed @ approx $14
High volume after right shoulder confirms breakout
H&S target = (Base-Head) + (Base)
= (25-14) + (25) = $36
Bitcoin in log scale, currently sitting on the green line. As seen in the chart typically Bitcoin follows a downtrend towards the green line before bouncing off and breaking out. I will be watching very closely to see if it breaks through the green line or bounces off and a bull market returns.
-Breaks the green line downwards -> I will be shorting Bitcoin with...
