🎯 Price remains in a shallow corrective phase, similar to previous price behaviour. Bitcoin remains up 420% since the 2023 bottom, and sentiment has never been this low for this long. Weekly RSI has now printed bullish divergence and tapped the weekly pivot, a strong bottoming signal. Wave 4 appears complete, wave 5 has a target of the weekly R4 pivot at $233000.
📈 Price is above the weekly 200EMA and pivot, demonstrating the bullish trend is intact. Weekly RSI bearish divergence has played out. Bitcoin RSI does not often reach oversold on the weekly.
👉 Analysis is invalidated below the weekly 200EMA, $73000
Safe trading
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
相关出版物
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
