Here is what I am looking at on the 12HR:
On the bearish front we are obviously still seeing this massive bullish 3 drive that we are currently in the last bearish leg down of. If this continues we could see negative sentiment and another 6K tap for a double bottom and off we go from there. We could also enter hell and fail at 6K for the full 3 drives (won't happen in my opinion - bitcoin belief is too strong).
On the bullish front however, we have a potential Tenkan Kijun cross about to occur (!!), with the cloud and the 50MA holding as support. MACD will have to cross over bullish for full confirmation though.We also have a large bullish divergence with the Stoch RSI. A pull back to 8200 would still be ok for us to enter a large wave 3 and reattempt a breakout of the downtrend.
I have my popcorn
On the bearish front we are obviously still seeing this massive bullish 3 drive that we are currently in the last bearish leg down of. If this continues we could see negative sentiment and another 6K tap for a double bottom and off we go from there. We could also enter hell and fail at 6K for the full 3 drives (won't happen in my opinion - bitcoin belief is too strong).
On the bullish front however, we have a potential Tenkan Kijun cross about to occur (!!), with the cloud and the 50MA holding as support. MACD will have to cross over bullish for full confirmation though.We also have a large bullish divergence with the Stoch RSI. A pull back to 8200 would still be ok for us to enter a large wave 3 and reattempt a breakout of the downtrend.
I have my popcorn