Bitcoin is forming potential Head and Shoulders formation
We can also see bullish divergence on RSI, which is respected support trendline and already has three bounce from it
Entry is possible only after breakout above the neckline of H&S pattern
Targets are mentioned in chart
Resistance trendline was broken
Price is located above strong support and forming an inverted Head and Shoulders pattern
Targets for this idea are in chart
Price is now located at output from 2.5 year formed round bottom pattern
It's supported by zone around 950-980 sats and also with trendline support
RSI in neutral zone
MACD turns into bullish
BTC.D is ranging between 40 - 48% of dominance for approx 220 days
Currently is located at decission point, where we can expect a bounce
If there will be a drop below the value 40%, it might be good for alts in short-term
At 1D chart looks DOGE very promissing
Is better to do buy around 290 sats, where is located strong support and also 0.786 fibonacci level of last swing move
Buy in this zone is good for better risk/reward ration by using stop-loss
- on RSI we can see bullish divergence
- MACD signaling buy
EOS has visited his all time low and the price is now located around strong support zone
- at 1D chart is RSI in neutral zone
- MACD comes to BUY zone
- midd-term / long-term signal
BUY THE DIP
