The most important thing look at is divergence with an indicator (of choice) and price. There's also divergence with sectors or divergence with capitalization (small cap vs. large cap).
What I missed in January was the divergence between the tokens and the currencies (Bitcoin). Look it up you'll see what I mean. Bitcoin peaked December 16th and the Tokens peaked January 7th...... oldest trick in the book, oh well, looking ahead.
Below is the divergence in the closing price of Bitcoin and the divergence between the Stochastics momentum indicator and the closing price. The chart hasn't been confirmed yet we have to see how the next week or two ends.
The chart below is full of many things WD Gann angles with parallel ascending angles with Fibonacci retracement blue / amber targets ........ All that aside, and I'll come out with something to write about it later on, but there is the real possibility that we have a long consolidation that ends up being wave 4 with a break out next spring leading to massive all time highs.
One step at a time.... we're just leading into the next wave that could either be Wave C retest or leading into the next wave 5.
Looking at the daily chart below, we're overbought but it's not the end of the world. We'll have to see how the shorter term charts play out over the next week / couple of days. At the same time, still have to monitor closely.
The chart below is the Bitcoin 4 hour chart up against resistance / control lines, monitor closely. We break through the current area.... GOOD. We break down from the current area..... BAD.
The chart below is the 60 minute chart with a beautiful candle stick breaking the control lines. This chart makes me feel good but still overall ...... not 100% confident. I'm only ........ ?% confident.
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So in ending........ Use critical thinking and think for yourself.