Dragonfly Doji on the daily cannot be ignored. And if BTC breaks out of the outer side of the pitchfork it usually signs a reversal. However, I still feel like the RSI needs to cool off a little bit more before it can retest 60 again. It will simply not be enough to break this RSI resistance that has been established for a very long time. We need to go down more te be able to create more upward momentum.
5.750 is the support where BTC crashed last year before it's hyperbolic movement to 20k. If that breaks I will look for a bounce and enter some of my positions at 5.500-5.400. If we hit 5.000-4.900 I will enter the majority of my positions because I believe we will have a hard bounce there.
5.750 is the support where BTC crashed last year before it's hyperbolic movement to 20k. If that breaks I will look for a bounce and enter some of my positions at 5.500-5.400. If we hit 5.000-4.900 I will enter the majority of my positions because I believe we will have a hard bounce there.