watch RSI for confirmation, likely will be another tap on the RSI divergence before the BULL trend continues
as they say, a good yield keeps the doctors away
Price entering a strong support zone, worth keeping an eye on
Buy if RSI gives confirmation of price reversal, can lock in 8% yield + have some potential for short term capital appreciation
We all know that a recession is coming (even if we don't want to admit it). Buy once the RSI gives confirmation on the monthly chart. EZ MONEY!
Golem has established an uptrend against Bitcoin (higher lows, higher highs) and is forming a hidden bullish divergence which is a strong signal that the trend will continue upwards. S1 and S2 are strong support levels if this level doesn't hold.
Bitcoin has been in a downtrend for 6 months and is forming a falling wedge reversal pattern. The price is currently at the bottom of the wedge and has strong historical support at $6K (good confluence). We can also see volume stabilizing. A bullish divergence is formed and will be confirmed if the RSI makes a higher high. There will be a good opportunity for a...
Bitcoin is forming a symmetrical triangle in a downtrend with decreasing volume. There is a formed hidden bearish divergence on the RSI. I expect one more wave inside the triangle (and a possible bull trap) which will be a good opportunity to enter a leveraged short position with a high R/R.
Bitcoin broke down the symmetric triangle (bottom line shown in blue on chart) which confirms the down trend. A hidden bearish divergence is forming on the RSI, good entry for a short with a tight stop. Strong resistance at 7040.
Chart is pretty self-explanatory. The likely scenario is a move down to the support line. A strong breakout above the resistance would invalidate this idea. Watch out for the bull trap.
BTC is forming a rising wedge in a downtrend which is a bearish pattern. There is also a strong bearish divergence on the RSI. Evidence suggests a bull trap breakout outside the wedge, and a continuation of the downtrend.
Currently there are 50% more longs than short and we should expect a squeeze soon. Bulls are running out of buying power and these longs will be trapped. This fractal is a likely scenario.