Working further on the btc chart from the past.
For the moment it didn't reached the 28765.
If it cross that red support line, i see btc going to that big black trendline (around 30705, depending when and where it will hit that trendline.)
Like you can see there's a hidden bearish divergence because, on the bigger picture (the trend is still down)
Going to that overbought area on the RSI?
IF it's crossing that black trendline like a knife in butter and using it as a support.
Then we can speak about a new bull run.
Yes i know btc is above the 200ema. and btc is looking bullish but in macro that black trendline is the turn around for me.
It's hard to see and say but my end target is around $7200.
For the moment it didn't reached the 28765.
If it cross that red support line, i see btc going to that big black trendline (around 30705, depending when and where it will hit that trendline.)
Like you can see there's a hidden bearish divergence because, on the bigger picture (the trend is still down)
Going to that overbought area on the RSI?
IF it's crossing that black trendline like a knife in butter and using it as a support.
Then we can speak about a new bull run.
Yes i know btc is above the 200ema. and btc is looking bullish but in macro that black trendline is the turn around for me.
It's hard to see and say but my end target is around $7200.