Braintrust beginning to bottom out
Here is a quick snapshot of Btrst 15m aggregation. I chose this timeframe for three reasons, one being a suspicious. Image 1, Thesis, Braintrust will soon form an Accumulation Box after an extended correction.
- Supporting Facts
1. Bullish divergence is present on the Rsi indicator
2. A Descending Volume pattern often precedes a trend reversal, if not a sudden spike in volatility (volume etc.)
3. The four average lines are the 20-50-100-200 Ema indicators, Btrst should begin to test breaking the 20 EMA's, and subsequently test the 50 and 100 EMA's with all four of them being tightly traded together.
With this observance we can draw two conclusions,
Braintrust will find an unknown support level to test and confirm, and form an Accumulation box upon that level OR enter a descending horizonal support and either horizontal or ascending/descending resistance pattern. Almost all of these thesis are Bullish.
- Supporting Facts
1. Bullish divergence is present on the Rsi indicator
2. A Descending Volume pattern often precedes a trend reversal, if not a sudden spike in volatility (volume etc.)
3. The four average lines are the 20-50-100-200 Ema indicators, Btrst should begin to test breaking the 20 EMA's, and subsequently test the 50 and 100 EMA's with all four of them being tightly traded together.
With this observance we can draw two conclusions,
Braintrust will find an unknown support level to test and confirm, and form an Accumulation box upon that level OR enter a descending horizonal support and either horizontal or ascending/descending resistance pattern. Almost all of these thesis are Bullish.
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