DHLawrence

BTC - Gap to fill

DHLawrence 已更新   
INDEX:BTCUSD   比特币
Hello,

I’m concerned that this is a big gap in the white oval… the heavy dotted resistance line should be the test of it as it turns support. . . Not sure if it will be as drastic as the big arrow shows, but that is the pressure that this gap is creating.

Follow along for more!
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Hi, here is my normal view… but i cycle the lines on and off… those are jsut to record and share the ideas, and to fit the projections.

I see a variety of sideways moves for doge before the next burst. The traces here show behaviors following similar peak formations from 2 cycles back on any relevant scale.

BTC on the right is showing a strong bearish fractal at play, illustrated in the yellow trace. We can also see the tail of the big white bearish arrow i drew in my last BTC update from a larger time frame.

Bottom left… she sure is pretty, eh?

DOGEBTC (bottom right)
This one is cool… feels like we may have just changed attitude from bearish into a bullish formation. Also noticing the divergence between MACD bottoms and chart bottoms… thats a pretty strong indicator for a reversal. The RSI is also nicely loaded up on the over sold side,,, likely to start its upward oscillation. (Pink arrow)

So… could be a neat flow of money from BTC (at an over extended high position) into the alt coins. DOGE is my favorite, cause it’s the one coin that has love.
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