Bitcoin back to $6.000 --> new lower low, bullish divergences?
Hello all,
This chart is only for following purposes.
It's one of the scenario's.
Checking the lines instead of the candles, we can see that it made a lower low with strong bullish divergences.
On the other hand, we see a strong hidden bearish divergence indicating that we're dropping down.
Hidden bearish divergence: price lower high, while indicators are making higher highs.
From this combined I'm hanging to this scenario where we're seeing another lower low in to the depression phase, bouncing on the RSI level, concluding the bigger bullish divergences and breaking out onwards.
After that new cycle will end EOY/Q1 2019 with $100.000+ level of Bitcoin normally.
This chart is only for following purposes.
It's one of the scenario's.
Checking the lines instead of the candles, we can see that it made a lower low with strong bullish divergences.
On the other hand, we see a strong hidden bearish divergence indicating that we're dropping down.
Hidden bearish divergence: price lower high, while indicators are making higher highs.
From this combined I'm hanging to this scenario where we're seeing another lower low in to the depression phase, bouncing on the RSI level, concluding the bigger bullish divergences and breaking out onwards.
After that new cycle will end EOY/Q1 2019 with $100.000+ level of Bitcoin normally.