Analysis
BTC currently created a Strong Reversal Bullish Divergence on the 4H and 1H chart.
Nothing much to explain on this part of the chart. Bullish Divergence, specially strong ones are a clear hint of market reversal.
This can mean that the last 2 days it has been a massive Bear Trap, and we would want to wait for a Hammer Candle as an indicator of that.
It can also mean nothing, and BTC is still going to $43000, like I Published before.
In the end, we don't know sh*t about f*ck.
Personal Thoughts
BB shows oversold.
RSI shows oversold.
Stoch RSI shows oversold.
EMA shows oversold.
Volume seems to be adjusting.
I am waiting a couple of hours to confirm this reversal, then take action on it.
I know that BTC can still be a drama queen and drop some more before screaming Happy New Year.
BTC currently created a Strong Reversal Bullish Divergence on the 4H and 1H chart.
Nothing much to explain on this part of the chart. Bullish Divergence, specially strong ones are a clear hint of market reversal.
This can mean that the last 2 days it has been a massive Bear Trap, and we would want to wait for a Hammer Candle as an indicator of that.
It can also mean nothing, and BTC is still going to $43000, like I Published before.
In the end, we don't know sh*t about f*ck.
Personal Thoughts
BB shows oversold.
RSI shows oversold.
Stoch RSI shows oversold.
EMA shows oversold.
Volume seems to be adjusting.
I am waiting a couple of hours to confirm this reversal, then take action on it.
I know that BTC can still be a drama queen and drop some more before screaming Happy New Year.
