As you can see, the MACD, RSI, and money flow, have been forming bullish divergences. (Yellow lines)
Furthermore, we can see that bitcoin is rebounding off of the top end of the trading range. (Yellow lines)
Lastly, there is a double bottom that has formed (circled)
These all point to massive upside and breakout past 40K
Be sure to follow and leave a...
Technical analysis regarding the price of BITCOIN in relation of dollar Tether for the next scenarios, based on 1 hour movement.
Price forming ascending tops/bottoms near a region where the price has consolidated. I believe that by breaking this region, you can easily search for such projections.
RSI> 50 gaining momentum and MACD with buying mass...
using the max , mean and min rate of limb and trend based fibonacci retracements, the levels marked in green are the estimations of the forward prices in bitcoins over usd...
For the projection 20th march has been chosen as C point retracement to AB in the abc retracement..!
Interesting to watch..
No plans to trade nor invest...
