People just don't get it:
Sometimes a catalyst is NOT NEEDED for a big move.
#BTC Futures dictate market price, NOT spot.
After big moves consolidation takes time, weeks, months even.
Added an additional parallel trendline for
BTC
(T3).
Not crazy about it and let's see how it holds.
#Bitcoin closed first time under Trendline 1.
-
BTC
is currently looking like late June - late July = not great sign.
However;
RSI stronger positive divergence on 4hr chart.
Volume hasn't been heavy for #BTC on this down trend but it has been consistent.
Daily #Bitcoin RSI is holding the 50 area = good.
*******
We're very close to a deciding move, THIS WEEK!
*******
Sometimes a catalyst is NOT NEEDED for a big move.
#BTC Futures dictate market price, NOT spot.
After big moves consolidation takes time, weeks, months even.
Added an additional parallel trendline for
BTC
(T3). Not crazy about it and let's see how it holds.
#Bitcoin closed first time under Trendline 1.
-
BTC
is currently looking like late June - late July = not great sign. However;
RSI stronger positive divergence on 4hr chart.
Volume hasn't been heavy for #BTC on this down trend but it has been consistent.
Daily #Bitcoin RSI is holding the 50 area = good.
*******
We're very close to a deciding move, THIS WEEK!
*******