In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line.
A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red.
On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red.
On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
Not
It's looking more and more like a descending triangle breakdown / bearish flag pattern...
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.