Bitcoin CME Reversal Coming Soon

5 août 2024

With Bitcoin Dropping to an RSI Low this year of 54 the market has become still super bullish because of the following:

- Gap
- Bullish Flag
- SNR tested

This is the perfect time to buy and ride the upcoming strong and sharp move to the upside.

Monthly Chart


Weekly Chart

5 août 2024

Note

Number of times we went in RSI 30 or below this year and what happened afterwards!

5 août 2024

Note

6 août 2024

Note

We are +9% away from filling the gap and making a momentum movement to the upside for BTC

13 août 2024

Note

Gap Already Filled ✅

What's next?

Overall we should be filling out this purple boxes as we prepare to go to the upside for the next leg up in this bull run.

As you may know we are in the "middle" of this bull run

And being in the middle it means we might be getting "closer" to the end as well

But it depends on what will happen in the market as all we can do is react and respond accordingly.

In this chart you'll see the potential upside and downside movement

16 août 2024

Note

We are getting nearer