Hi guys,
On the left picture we have daily BTC, a downtrend channel for the RSI ( we've just been oversold, but in general before rebounding we need another leg down for the RSI - a double bottom RSI is possible )
and two divergences, one bearish that was in play from 40K to ATH, and the bullish one that is in progress right now. I also have my Fibonacci levels aligned to log scale.
In the right picture I have the 2 weeks candle, a comparation with 2013 double top of the RSI and possible scenarios for bear market if this we are in right now will be not just a local correction ( which I believe it is - just a local correction ).
This are my personal opinions, not a financial advise!
What do you think?
Take care of your hard made money guys!
CHEERS!
On the left picture we have daily BTC, a downtrend channel for the RSI ( we've just been oversold, but in general before rebounding we need another leg down for the RSI - a double bottom RSI is possible )
and two divergences, one bearish that was in play from 40K to ATH, and the bullish one that is in progress right now. I also have my Fibonacci levels aligned to log scale.
In the right picture I have the 2 weeks candle, a comparation with 2013 double top of the RSI and possible scenarios for bear market if this we are in right now will be not just a local correction ( which I believe it is - just a local correction ).
This are my personal opinions, not a financial advise!
What do you think?
Take care of your hard made money guys!
CHEERS!