imichael95

imichael95 Updated 

Bitcoin is in a strong macro uptrend since bottoming in July. All timeframes 1D+ are very bullish. Even just recently setting a new All time high. This week will close as a shooting star, but it is quite clear this is just a small pullback in a macro uptrend. Based on the quantitative on-chain data, large entities (whales) are heavily accumulating BTC even at...

imichael95 Updated 

Bullish divergence is developing on the daily as well as 4 hour timeframes on MACD + RSI. A 30%+ correction and bounce off the 61.8 fib as well as the 200 day EMA. Very possible for a giant inverse H&S to develop over the next few weeks if we see a reversal here. Bitcoin dominance is at multi year lows and bounced at 40%.