Possible Double-Bottom on Bitcoin/USD and Bullish Divergence RSI

23 nov 2021

In addition to this, we have confirmed bullish divergence on the RSI. I am not a fan of the double-bottom pattern, but combined with the RSI bullish divergence, I would say that buying a little more at these levels wouldn't hurt. Not sure I'd be using leverage, and I'm not doing this for a while, but for basic b*tch DCA crowd, this is good enough provided you save some dry powder just in case we test lower this week.

23 nov 2021

Operación activa

I might also add that, the formation we are in despite the recent bounce is a bear flag, so this wouldn't be the place that I "go all-in" as a caution to would be latecomers looking to buy this dip. We can go much lower in a matter of hours based on the rejections from 60K and if 57K is not retaken and held in the next few hours.

23 nov 2021

Operación activa

Glad I was skeptical of my own analysis, but I do think double-bottoms are more of a short term indicator, lowered all my orders, and split my buys. Have had a few filled, but more in place significantly lower just in case.