BTC is going for a deep low but may be forming a double bottom. It's going really fast.
코멘트:
코멘트:
If we focus we can see that price is not aligned with RSI.
Price is moving slower than RSI.
If RSI stretches and price is supported we may see a nice come back from that low.
Price is moving slower than RSI.
If RSI stretches and price is supported we may see a nice come back from that low.
코멘트:
코멘트:
코멘트:
Anyway, I am not a trader and these are only my personal ideas. A double bottom there and at the end of the month would be like a very important statement for me from BTC. I double bottom in such a low position? What could it mean? I am dreaming again...sorry
코멘트:
Bullish flag will be then completed.
코멘트:
In a month made the bubble (dicember) in a month it retraces it (january). Sounds nice. February?
코멘트:
코멘트:
This is last week of the month. Perfect time and setting. lol
코멘트:
But if I look at the weekly chart I am brought back to reality
코멘트:
But today is only monday! Yes, and that weekly candlestick may complete a three black craws formation by the way its moving.
코멘트:
Let's wait and see
코멘트:
I forgot. In March a lot of deadline of crypto projects are due to be annuonced. It will be a good indicator to see how this new industry is developing.
코멘트:
코멘트:
BTC is really stretching towards that lower low. I didn't put an arrow on it but is at 9259 more or less
코멘트:
It come back above 10.500 which is a bullish sign
코멘트:
I don't think it will end the correction there but let's see. To go there it means that should go to 11K which would be a very bullish sign
코멘트:
But still has not completed the neckline therefore need to be patient.
코멘트:
The neckline is that lower low that may be hit if BTC insist going down
코멘트:
I can see a very nice come back from that lower low if it will ever reach it. lol
코멘트:
If this is an industry in expansion a double bottom there would be a nice fundament from where to start. Don't know.
코멘트:
Let's see and be patient.
코멘트:
Thank you AlanMaster. From you it's an honour. Much appreciated for taking the time to look at it. Thanx
코멘트:
Ok. It has completed that small correction and resumed its run towards lower lows. Let's see how it moves.