4h chart...50 MA has crossed the 100 MA which has in the past been a very strong buy signal. Note the sell volume on the head is less than on the left shoulder. Than it's even less on the right shoulder (assuming the lows hold). Confirmation on a break of the neckline as always (with some volume ).
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Declining sell volume is a good sign...need to bounce here though.
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Hidden bull divergence on the daily chart (Stock RSI)
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At neckline resistance...anything is always possible but this should eventually break. To assume it won't is IMO some form of battered bull syndrome, tough to look at this objectively and not admit it's playing out beautifully.
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1h chart showing bearish divergence on rsi...if we lose 7400 could get a nice pull back before higher.
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Looks like a bull flag on the 2h chart
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If you took profits on the bull flag target...this test of support on the 2h seems like it might be as good a time as any to reenter.
Hi Joe,
How does this fit into "Bitcoin small move up for E of B then a big drop for C?" chart. Are you still expecting a drop to the ascending trendline (magenta line), i.e is this the rise to the "B" wave with a drop to the "C"? Or have you abandoned that analysis?
ltc-joe
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@LouisBettong, Hi...yes to answer your question I abandoned that analysis when I published this chart. For a more detailed explanation feel free to scroll down the latest updates on that chart...there's lots of evidence to invalidate that EW count.
LouisBettong
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@btc_joe,
Thanks for the reply, and posting your analyses.
UnknownUnicorn1432487
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Good work! Do you think the volume will increase as we slowly enter the so called bull market or we'll have big price increases with smaller volume unlike 2016 and 2017?