$BTC- Still A bullish On a Daily
One thing i have learnt when playing around with some chart business is trying not to isolate price actions or movements.
Check this out: On the lower tfs, we are clearly witnessing this price movements of LHs and LLs both on the candle patterns and RSI which some experts may call a bearish divergence but I want you to clearly look at the bigger TFs like the Daily and Monthly.
Obviously, the candle patterns on the Dtf shows a descending triangle with a LLs and LHs.. but just take a moment and patiently look at the history of the oscillatory movement from days back to now. RSI is showing a LHs coming from the previous LLs establishing a trend that disagrees with the actual chart price movement which probably is an indication of an improving trend.(an uptrend in this case) and when this happens it means that the market sentiment is too extreme and the reversal to the upside is likely.
Reason why i am expecting that
BTC should finds support at either at 36k or higher end 35k and then continues back up. If it breaks below this levels then i let the market show me what happens next...(FUD? the bad kind of one or the regulation etc) but until then i wait and watch!
Check this out: On the lower tfs, we are clearly witnessing this price movements of LHs and LLs both on the candle patterns and RSI which some experts may call a bearish divergence but I want you to clearly look at the bigger TFs like the Daily and Monthly.
Obviously, the candle patterns on the Dtf shows a descending triangle with a LLs and LHs.. but just take a moment and patiently look at the history of the oscillatory movement from days back to now. RSI is showing a LHs coming from the previous LLs establishing a trend that disagrees with the actual chart price movement which probably is an indication of an improving trend.(an uptrend in this case) and when this happens it means that the market sentiment is too extreme and the reversal to the upside is likely.
Reason why i am expecting that
BTC should finds support at either at 36k or higher end 35k and then continues back up. If it breaks below this levels then i let the market show me what happens next...(FUD? the bad kind of one or the regulation etc) but until then i wait and watch!
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