— Bitcoin price movement hypothesis —
Two bullish divergences, one on MACD and another on RSI announce a potential imminent pump on Bitcoin. Those signals need to be validated by an important green candle crossing the EMA20. We can also find a bearish Gartley which will be validated by reaching the 4740$ price. Notice that there is a last high point resistance on that area.
At 4740 price will reverse (bull trap) and free fall into the target at 3470$.
For this hypothesis to confirm bulls need to push the price above the 4400$ resistance which VPVR and past supports mark it as a pain point to travel through.
Two bullish divergences, one on MACD and another on RSI announce a potential imminent pump on Bitcoin. Those signals need to be validated by an important green candle crossing the EMA20. We can also find a bearish Gartley which will be validated by reaching the 4740$ price. Notice that there is a last high point resistance on that area.
At 4740 price will reverse (bull trap) and free fall into the target at 3470$.
For this hypothesis to confirm bulls need to push the price above the 4400$ resistance which VPVR and past supports mark it as a pain point to travel through.
註釋
The pattern has didn't validate.
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