Showing hence of weakness however what you see happening, when we pair the price action and when we pair my trading strategy like the RSI, we get a reversal.
This is specifically a REVERSAL.
REVERSAL is coming from a HL to a LL.
The wicks read like a T. This means BULL POWER
My bottom PLOT works like a GPS which gives guidance like RSI.
Here’s our warning. Is this BULLISH or BEARISH?
Let’s unveil it. This is a Bullish reversal.
The market traders has condemned BITCOIN bearish.
Stochastic RSI has not but is making the cross over move. This 6 Day timeframe is almost dictating for our weekly chart to bullishness.
BITCOIN has to maintain a RALLY that’s happening before our eyes.
We are hopefully in the beginning of a RALLY.
Keep in mind, any price can reject due to our MEGA BULL RUN that’s in preparation.
Why? Because here we also have a bearish hidden double top with a HH and LH.
Has rejected in the past but later would continue to downtrend or can this be a FAKE-OUT?
Target pips are still on track for 85k. Last reversal was around a 15k BULL RUN. View white square and compare to above price. Will this play out the same?
Many will stick to bearishness.