Printing bull divs on 4H + timeframes has been a strong bottom signal for bull packs since we broke into mega-bull mode last year.
We printed small a 4H bull div which got cancelled pretty quickly... but now have printed a larger one on both the 4H & 6H timeframes.
Still leaning towards a bias of sideways and consolidation (even though my beautiful $42k -> $30k fractal has now been invalidated).
If we get a little more downside we are likely to see a bull div also form on 12H, and as far as I understand it building these on bigger timeframes makes for a stronger bottoming signal.
We printed small a 4H bull div which got cancelled pretty quickly... but now have printed a larger one on both the 4H & 6H timeframes.
Still leaning towards a bias of sideways and consolidation (even though my beautiful $42k -> $30k fractal has now been invalidated).
If we get a little more downside we are likely to see a bull div also form on 12H, and as far as I understand it building these on bigger timeframes makes for a stronger bottoming signal.