In this weekly chart we can clearly see the bullish divergemce (green arrows) just like the divergence before the dip started (red arrows). Added to the divergence we can see that the price is currently in a support area (purple rectangle), we can also see the breakout and retest from the downtrend since the dip started (white trendline) plus the market has...
so after the breakout from the descending triangle, it's time for the pullback we all expect. Finally a bearish divergence in the h4 timeframe, it didn't just show only in the bitcoin chart but in almost all of the alts.
Possibly a pull back to 18k. NFA
Look at this weekly chart and you'll see that the market has tried breaking the strong support but it looks as if it has failed. Then look at the RSI and there's this really bullish divergence which i've never seen in the BTC weekly chart before. Even on the daily chart there's still a really clear bullish divergence. Also looking at the chart pattern in this...
So why do I think bitcoin is likely to go up, i've got a few reasons for that
This is a daily chart, looking at it you can see that the market is at a strong support area (the long purple box from the weekly tf).
Looking at the chart and the RSI you can see a bullish divergence (the white arrow).
Plus the market has hit the lower daily BB which acts as a...
Another divergence here just as it happened at the top.
Market hits the trend support, low volume, RSI at oversold area, plus the divergence...
Are we gonna see a rally back to the top? Let's wait and see😉
Like I said in my previous idea, it was time for a new low after certain reasons I listed. Now where are we headed to?
Maybe to 0.05 region or lower.. we'll see
In the last few weeks we've all see a little bullish run in gala going from 0.0443 to 0.0727 yesterday. Personally I think this is the end of the little bullish run. Here are my reasons.
..It has hit a major trend line resistance..
..it has hit a major horizontal resistance..
..it has a really visible bearish divergence..
..the buy volume is getting weak..
With...
Looking at the bitcoin chart in the daily time frame, it hit the valid trend line and started a retest or maybe it's going to continue it's uptrend because of the hammer candlestick formed which is a huge reversal pattern. Let's see what happens in the coming days
