Since the start of Bitcoin's bullrun we've seen two market cycles, a long one of 110-130 days and a short one of 60-70 days. we've always touched the 850EMA and bounced back within a 1-7% range.
The correction has always been between 40% and 50% of our all time high. Moreover, every dip can be predicted by closely watching the RSI for bearish hidden divergence. This is when the price makes a higher high while the RSI makes a lower high, indicating that the new price high has been formed on less momentum.
If we would zoom into each dip, we would be able to see more bullish hidden divergences, but I have added one (green line on the RSI) for you to see. Watch out for that divergence on this dip and act accordingly (buy the fucking dip).
Yes, I sold the absolute top at 19k because of this and I'lll be there to buy the bottom.
The next time you'll be prepared too :D
The correction has always been between 40% and 50% of our all time high. Moreover, every dip can be predicted by closely watching the RSI for bearish hidden divergence. This is when the price makes a higher high while the RSI makes a lower high, indicating that the new price high has been formed on less momentum.
If we would zoom into each dip, we would be able to see more bullish hidden divergences, but I have added one (green line on the RSI) for you to see. Watch out for that divergence on this dip and act accordingly (buy the fucking dip).
Yes, I sold the absolute top at 19k because of this and I'lll be there to buy the bottom.
The next time you'll be prepared too :D
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By the way, you have to be prepared for the fact that trends can be broken. In that case we enter a 1-6 month bear market with our target at the .236fib, around 5000 dollars. Since it's infancy, Bitcoin has always retraced to the .236fib measured from the bottom of the last correction to the last ATH.
コメント:
I caught the dip with a preset buy order set at 10k.
BTC had a bullish divergence on the 2 hour chart during the last dump, so I wasn't worried that it would lead anywhere other than the 850ema on the 4 hour chart.
Price will probably create a higher low in 8-24 hours. Please do not panic sell during this. Watch for rsi to make a lower low instead. This is another bullish divergence.
We have a high chance to create a new ath the next week. So... Happy ath week, everybody!
BTC had a bullish divergence on the 2 hour chart during the last dump, so I wasn't worried that it would lead anywhere other than the 850ema on the 4 hour chart.
Price will probably create a higher low in 8-24 hours. Please do not panic sell during this. Watch for rsi to make a lower low instead. This is another bullish divergence.
We have a high chance to create a new ath the next week. So... Happy ath week, everybody!