Here are the facts. Let's view together the STOCHASTIC RSI. We can see that BULL is still controlling. The BEARS are falling behind.
The STOCHASTIC RSI BEARISH WAVE, view the white squares before and after which show two more candlesticks are to happen first before the BEARISH CROSS happens.
Since we know BULLS have control as shown on STOCHASTIC RSI and now comes the wicks of the candlesticks which shows BEARS are dominating with a gravestone doji. This has brought panic to BITCOIN fearing for a BITCOIN CRASH.
We have about 4 months and 6 days to complete this current candlestick along with the next two candles.
STOCHASTIC RSI shows BTC is MIGHTY BULLISH. Here we can see how the world is predicting a CRASH based on candlestick wicks which tell us a story of what might happen but there is still no evidence to show a CRASH is near because BITCOIN is still MIGHTY BULLISH.
The 9k drop vs the $15k drop has a lot to do with wick length.
The difference between the $9k and $15k drop, the $9k drop with STOCHASTIC RSI BEARS had control, therefore, we had a small dip vs the $15 drop BULLS have control. This indicates our next two candles must be bullish.
Stay tuned for my next idea to show how with plenty of evidence BITCOIN to reach over $85k.
I'm taking a CHIPOTLE lunch break.
The STOCHASTIC RSI BEARISH WAVE, view the white squares before and after which show two more candlesticks are to happen first before the BEARISH CROSS happens.
Since we know BULLS have control as shown on STOCHASTIC RSI and now comes the wicks of the candlesticks which shows BEARS are dominating with a gravestone doji. This has brought panic to BITCOIN fearing for a BITCOIN CRASH.
We have about 4 months and 6 days to complete this current candlestick along with the next two candles.
STOCHASTIC RSI shows BTC is MIGHTY BULLISH. Here we can see how the world is predicting a CRASH based on candlestick wicks which tell us a story of what might happen but there is still no evidence to show a CRASH is near because BITCOIN is still MIGHTY BULLISH.
The 9k drop vs the $15k drop has a lot to do with wick length.
The difference between the $9k and $15k drop, the $9k drop with STOCHASTIC RSI BEARS had control, therefore, we had a small dip vs the $15 drop BULLS have control. This indicates our next two candles must be bullish.
Stay tuned for my next idea to show how with plenty of evidence BITCOIN to reach over $85k.
I'm taking a CHIPOTLE lunch break.
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BULL RUN DETECTOR
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Clearly BITCOIN on a long term has been read BULLISH. Next candles show what will happen next.