BTC Correction Reversal Point at $8,500

You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support.
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.

Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.

This is fun!

Anulowano zlecenie:

This exact concept still holds. Longed the bounce here from 8.1.
This could still be the reversal point in this zone.

Price continues to trampoline off of these converging supports.