Bitcoin has formed identical fractal trading patterns as from late january to march and currently sits at a similar point of around march 23rd, indicators are showing trend to upside exhausting, all eyes on the dxy that will most likely indicate where the stock markets and crypto's next move will be which is more favorable to the downside. Very low trading...
US dollar money printing machine has been activated again, gov passes new bill to benefit themselves and everyone else but its own residents devaluing the currency and raising taxes. Taxation is theft!
Today appears bitcoin has run out of fuel and trend reversal towards the downside is confirmed with hull suite, macd and cci.
Bitcoin bounced off the 1.618 fib circle and is looking for continuation of the trend, expected to last at least up until around midnight of the 25th.
The dxy index is struggling to hold its ground which should give bitcoin more upside room to move over the weekend into early next week.
The dollar printing machine has begun to churn and pump temporarily stalling btc at the moment.
Bitcoins recent fomo buying is getting exhausted shown by cci and macd, late month sell off drop a good possibility 60% down 40% for the upside.
Bitcoin looks to be due for a couple week relief rally pump, fomo buying has kicked in with the pi cycle bottom indicator printing and the dxy cooling off.
Bitcoin is still hovering around bottom support lines, both CCI and Macd appear to possibly have more room to the downside before trend reversal.
Bitcoin has broken lower trend line support channel and will continue its overall bearish pattern for the next week at the very least possibly finding a new local bottom.
Pi cycle bottom indicator is about to cross and with the dxy at ATH's and the euro at its lows we can possible see a local bottom and great entry price to long bitcoin for the next bull cycle run up.
Bitcoin is getting overbought and exhausted with a full moon almost here will she do a 9th and 11th day style dump?
Bitcoin forecast for the day, dollar is diving and giving btc a chance to run up pump should reach up to top price trend line roughly 22600 area by later in the day through to midnight. This is not financial advice just my humble observations and opinion to take how ever you like, peace wahoo!
Bitcoin printing a similar seahorse pattern then the dxy did over a little different time span very interesting indeed!
DXY peaking in a seahorse pattern and starting to rollover and take a break.
After bitcoin broke out of initial triangle and has formed a new channel and trend line target of 22625 for high side and 19420 low side roughly at its current pace and trajectory.