Coinbase has formed a bottom for the time being around the $50 mark.
The dxy is becoming overbought. The rsi has formed a bearish divergence on both the daily and monthly time frames.
If correct the predicted top for dxy is around $114/115 causing the crypto market to turn bullish.
Can we see Coinbase and the crypto market rise over the next few months?...
There is a bullish divergence on the 1hr RSI for Coinbase. This is a bullish reversal pattern found at bottoms… but it is also a pattern that appears in the midst of long downtrends.
In words, the pattern is there, and it is a bullish reversal pattern, but it has a somewhat low success ratio when found in a steep downtrend. Further, this is a single bullish...
We should see BTC bounce on the 20k support.
I think we will then see the CME gap get filled at 36k
Then a further drop down to 10k before we see any buy signals.
