Two vertical green lines highlight where a Bullish Harami pattern formed.
The red vertical line marks the heavy drop where, to most people's minds, Bitcoin was done for.
Indicators: - Yellow line = RSI - Blue line = convergence of three indicators: 1. TRIX 2. Ultimate Oscillator 3. Rate of Change (ROC)
While most might have expected a downturn at the red line, where BTC started to drop, TRIX, Ultimate Oscillator, and ROC gave buy signals-and they still do. RSI shows the direction of these indicators, which is good guidance when they show the same direction.
The Ichimoku cloud suggests that in the next days, bullish momentum is likely; 4-hour timeframe candlesticks are inside the bullish cloud.
Tomorrow, the idea of the ATR Auto Detector will be ready. Now, I work on coding the indicator.
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