okay, after coming back to 40k in a single candle bitcoin is overvalued so now we will see a divergence in rangebound moment between 41900-40400.
If the market sentimals are positive it'll probably a bullish divergence in RSI or in our waves indicator.
keep in mind that this breakout of btc happen from an ascending triangle followed by a fakeout so it could be going up from here, Now lets check the trendlinds and resistance
the violet line you see is our ultimate trendline if btc respect that then chance of moving up becomes higher as it has the lowest angle, The next major resistance we have is at 45900-44800 one which you see in blue.
BTC.D also moved up but wait bitcoin haven't test yet / after so long from mid november the cashflow in btc was in red means people were removing funds, Now since 31JAN cashflow is in green.
If the market sentimals are positive it'll probably a bullish divergence in RSI or in our waves indicator.
keep in mind that this breakout of btc happen from an ascending triangle followed by a fakeout so it could be going up from here, Now lets check the trendlinds and resistance
the violet line you see is our ultimate trendline if btc respect that then chance of moving up becomes higher as it has the lowest angle, The next major resistance we have is at 45900-44800 one which you see in blue.
BTC.D also moved up but wait bitcoin haven't test yet / after so long from mid november the cashflow in btc was in red means people were removing funds, Now since 31JAN cashflow is in green.