After bearish divergence, some fud, and a lot of greed - discount is over? 18% Recapture.
Another point of view.
Using Fibonacci Fan I appointed some levels. Everytime when RSI bouncing up and take some support & the Stoch RSI was at lowest levels, we got next move up.
Timing cons for now for me:
- bearish divergence on RSI – already become, after breaking price channel,
- close Bitcoin monthly candle under 42k $,
- Price below moving averages.
Pros:
- Double bottom on RSI – support on 30 points.
- Stoch RSI – bottoming,
- Fib speed resistance fan (base on last trend turquoise line) supported at 0.5,
- Healthly correction (cooled some indicators, fear &greed index, leverage, my lambo ),
- support around 1.35T total market cap, last crucial market cap value.
Another point of view.
Using Fibonacci Fan I appointed some levels. Everytime when RSI bouncing up and take some support & the Stoch RSI was at lowest levels, we got next move up.
Timing cons for now for me:
- bearish divergence on RSI – already become, after breaking price channel,
- close Bitcoin monthly candle under 42k $,
- Price below moving averages.
Pros:
- Double bottom on RSI – support on 30 points.
- Stoch RSI – bottoming,
- Fib speed resistance fan (base on last trend turquoise line) supported at 0.5,
- Healthly correction (cooled some indicators, fear &greed index, leverage, my lambo ),
- support around 1.35T total market cap, last crucial market cap value.
