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1. Bitcoin price analysis
2. Cryptocurrency market trends
3. Technical analysis for Bitcoin
#bitcoin Daily RSI is in the floor no bullish divergence as of yet though.
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Lose the 1 fib I suspect this is the Macro wave 4 ABC zig-zag alternation at play to the 1.618.
A bit of hopium is that we do see 5 waves up into 0 fib, a potential wave 1, so this pullback
Check out the latest analysis on #bitcoin’s Daily RSI trend, indicating a potential Macro wave 4 ABC zig-zag alternation at play. While there is no bullish divergence yet, losing the 1 fib could lead to a further pullback. The hope lies in potentially seeing 5 waves up into the 0 fib, signaling a wave 1 scenario. Stay tuned for more updates on the cryptocurrency market. Follow CoinsKid for insightful analysis and predictions. #cryptocurrency #trading #RSI #marketanalysis #bitcoinprice.
#bitcoin Daily RSI is in the floor no bullish divergence as of yet though.
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Lose the 1 fib I suspect this is the Macro wave 4 ABC zig-zag alternation at play to the 1.618.
A bit of hopium is that we do see 5 waves up into 0 fib, a potential wave 1, so this pullback… pic.twitter.com/S287U6Q4e2
— CoinsKid (@Coins_Kid) June 24, 2024
Related Story.
Bitcoin has been a hot topic in the world of finance and investing for quite some time now. With its volatile nature and potential for high returns, many people are keeping a close eye on the cryptocurrency market. Recently, a tweet from CoinsKid caught the attention of many traders and investors. The tweet mentioned that the Daily RSI for Bitcoin is currently at a low point, without any bullish divergence in sight.
According to the tweet, there is a possibility that Bitcoin may lose the 1 fib level, indicating a potential Macro wave 4 ABC zig-zag alternation at play to the 1.618 level. However, the tweet also mentioned a glimmer of hope, suggesting that there could be a scenario where Bitcoin sees 5 waves up into the 0 fib, potentially marking the beginning of a new wave.
This tweet has sparked a lot of discussion and speculation within the cryptocurrency community. Many traders are closely monitoring the price movements of Bitcoin to see if the predicted wave patterns will come to fruition. The mention of hopium, a term used to describe a hopeful outlook on the market, has given some traders optimism amidst the current uncertainty.
As with any investment, it is important to approach the cryptocurrency market with caution and do thorough research before making any decisions. Bitcoin’s volatility can lead to significant gains, but it also comes with a high level of risk. Traders should always be prepared for unexpected market movements and have a clear strategy in place to manage their investments effectively.
In conclusion, the tweet from CoinsKid has sparked some interesting discussions within the cryptocurrency community. The mention of potential wave patterns and the current state of the Daily RSI for Bitcoin has led to speculation about the future price movements of the cryptocurrency. Whether or not these predictions come to pass remains to be seen, but one thing is for sure – the world of cryptocurrency is always full of surprises. Stay tuned for more updates on Bitcoin and its market movements.
