BTC price reversal: comparison
This could be nothing. Perhaps too simplistic, but the recent rally ending in May looks eerily similar to this recent run. Comparing 1D between FEB and MAY with 12h between July and now. No Elliot/Wyckoff stuff here, simply annotating the tops for comparison. Apart from the price forming a very similar pattern, notice how the volume on both is decreasing and how similarly RSI is printed below their respective waves on both timeframes.
I'd be looking for one or all of these to happen on the 12h in the next days/weeks:
If this would play out, it would support my previously shared long-term view on the weekly.
I'd be looking for one or all of these to happen on the 12h in the next days/weeks:
- RSI crashing below 50
- Break in market structure - forming a lower low
- RSI failing to break back above 50 - failing to re-establish the uptrend
- Forming a lower high (D) (ideally after LL is formed)
If this would play out, it would support my previously shared long-term view on the weekly.
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。