TLDR: Getting convergence of price and RSI, and the price has started to form a head and shoulders on the hourly.
This is not financial advice, I am an amateur who is trying to learn and put his theories to the test of time. Follow at your own risk.
This is not financial advice, I am an amateur who is trying to learn and put his theories to the test of time. Follow at your own risk.
Comment:
We have reached 37.5k for BTC, which is a shoulder line. If we go a little bit higher and comeback to bounce of the shoulder line, it will confirm the run up.
Comment:
The price not only bounced off 37.5k, it actually accumulated on top of the line a triple bottom, very bullish. Look for the targets mentionned for reversals (BTC ~41500 and Aave ~176).
Trade closed manually:
Update on next ides. TLDR: Not looking like it's going up much higher for the weekend. Looking for 37k-37.5k for reversal.