#bitcoin EOM #crypto trap or building strength ?
I’ve boxed of last eleven days of each month in white. Question – will market break upwards out of box before end of June? To find out I’ve marked each day inside the white box with a yellow arrow – that being the day after histogram divergence with price and have faced the arrow in the direction that price closed outside the previous days open and close bar. The first yellow arrow appears the most significant. What else is there in my chart that could indicate the downside may not be over. Well there is my – I’m still waiting for it to drop below 32.7366 like with previous patterns (boxes correspond with coloured boxes above – white ones mark divergence). Then also there is my oscillator – still no red box (I have created a red box when there is no divergence within the box with the price chart above – I’ve only used the oscillator for study periods after my coloured boxes have been created above). It got very close to being a red box between 3rd and 7th June – close enough perhaps for me to make an error.
Hope the above explanations and findings easy to follow.
NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH