BTC Correction Reversal Point at $8,500
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You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support.
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.
Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.
This is fun!
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.
Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.
This is fun!
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This exact concept still holds. Longed the bounce here from 8.1.This could still be the reversal point in this zone.
Price continues to trampoline off of these converging supports.
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