BTC Correction Reversal Point at $8,500
Updated
You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support.
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.
Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.
This is fun!
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.
Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.
This is fun!
Order cancelled
This exact concept still holds. Longed the bounce here from 8.1.This could still be the reversal point in this zone.
Price continues to trampoline off of these converging supports.
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