As the chart shows 📉 :
- Diamond Bottom(Bullish) can be seen as a Rounding Saucer 💎
- RSI creating a bullish failure swing (bullish reversal) 🐂
- Parabolic Curve Pattern (very likely to complete, see attached idea)
- Crossing 50 days SMA since the Big Dump (notice also the EMAs)
- MACD crossing Signal Line → Indicates the start of a new uptrend
What will happen next? 🔮
1. BTC will grow more for a bit
2. Prices will slightly drop → once parabolic completes and RSI shows it's overbought 📉
3. Then it will reach the target prices for:
- Diamond Pattern → $44K/45K
- Rounding Saucer → $50K/52K
- Diamond Bottom(Bullish) can be seen as a Rounding Saucer 💎
- RSI creating a bullish failure swing (bullish reversal) 🐂
- Parabolic Curve Pattern (very likely to complete, see attached idea)
- Crossing 50 days SMA since the Big Dump (notice also the EMAs)
- MACD crossing Signal Line → Indicates the start of a new uptrend
What will happen next? 🔮
1. BTC will grow more for a bit
2. Prices will slightly drop → once parabolic completes and RSI shows it's overbought 📉
3. Then it will reach the target prices for:
- Diamond Pattern → $44K/45K
- Rounding Saucer → $50K/52K
