🅱️ (₿) 4.5 months later BTC…for BITFINEX: BTCUSD by AlanSantana – Technische Analyze – 2023-01-02 00:20:20

bitcoin It hasn’t produced a single bounce in over 4.5 months…that’s strange behavior…get ready for a change.

Another very powerful classic signal that we all know is the difference between the asset and the oscillator.

bitcoin It succumbed after April 2022 to reach $17,605 on June 18th of that year…

There was a small bounce that ended in mid-August, and then we had a very weak lower low that looked like a truncated fifth.

It’s been almost 140 days since the last bounce/relief rally and nothing rising We’ve seen.

Trading the sound Leaning towards green, Note 22, Sept 26…
November lows were lower the sound From May/June…

These signs indicate rising accumulation (large green bars) f downward trend weaken (red less and less the sound tapes) …

Finally, here it is RSI

glimpse

The lowest point was reached 190 days ago in June.
– Then we have one up channel High valleys and high peaks.

This indicates strength bullish divergence With bitcoin And again trade the sound It got really low…

when the sound Falling to a stop, almost to zero, a new, powerful movement is about to emerge.

With bullish divergence On the games and the rest of the above signals… obviously we bet higher but…

Everything can change in a minute, a day, a second…
Whatever happens, it’s up to the market to decide…we’re reading the chart!

We have one rising bias in place.

Namaste.

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