Chart - BTC on the weekly timeframe. Weekly is not the strongest macro timeframe. Sometimes proves false signals.
Dragonfly / Gravestone Doji - Highlighted in the green are the dragon fly doji's (recent signal doesn't close until Sunday) - Highlighted in the red are the gravestone doji's - Arguably the strongest significant Japanese Candle Stick for trend reversals. Link: fxdayjob.com/dragonfly-and-gravestone-doji
RSI: - Decreasing RSI + Increase in Price = Hidden Bullish Divergence - Increasing RSI + Decrease in Price = Hidden Bearish Divergence - Note that in summer of 2021 we had the same confluence in the chart.
MacD: - Classic bullish divergence on the weekly. - Note that bigger timeframes (Monthly, 2 week) are bearish.
Moving Averages: - 50 Day $47,000 - 200 Day $20,000
Analysis: - This is a high-risk trade b/c of current events. - Fed is set to have a meeting regarding equities in March. (Likely to be very negative) - I predict a further continuation rally here. May not bring us to ATH but, a recovery rally. - Most importantly, do your own research. Strive to be a better trader every day.