Here presenting chart patterns of DOGE now and XRP in 2017, similar pattern I believe indicates similar buyer and seller activity. It's in stage of consolidation, patience is key.
For yesterday's pump, I was expecting the RSI couldn't break the trendline and reach towards approximately 69, and it turns out to be true.
It is admittedly a powerful pump, but whether it is a relief rally or a reversal, it is yet to be decided. See if bitcoin can pass 0.702 fib level, it is a crucial level. Every end of bull for the last cycles, it is the end of...
I am overall bullish on BTC and I don't think the market cycle is over, but what is this lower and lower volume and lower highs RSI indicate on Weekly timeframe?
We seems like just got out of a correction, but could this be the middle of a correction?? This is not the bottom?
Can you tell me what you think about this?
I know it sounds bad but I only trust in my tools... the classical ones and the models.
Bad sign: Multiple divergence on the chart: RSI forming a descending triangle, volumn keeps going down since Jan, MACD shows bearish sign, and of course the 2h triangle we are forming.
Good sign: buyers showing strong power for BTC around 50k. One trillion market cap...
