Mohanad_ElMeligy25

Mohanad_ElMeligy25

As clear on the chart BTC is forming an inverted triple bottom with also a positive divergence, a neckline is around 20500 and by breaking it we would be going for a first target of 21700-22000, I think this will be the last long before returning to the 19000K and breaking it to form the end of the downtrend at around 12500 PS: This is not a financial advice,...

Mohanad_ElMeligy25

I have been looking on the DXY historic chart, taking to notice the most important global economic crises, as I suppose what we are living in now is an economic crises that the world haven’t seen in almost 40 years since the 80’s inflatory recession, the world hasn’t seen another one until now and the markets isn’t ready for it. Also what notice the all time high...

Mohanad_ElMeligy25

I opted to keeping it simple here, using just 1. FIBO RETRACEMENT to determine main support areas, which are likely to be broken but won’t give the price an easy pass through them, Support Area 3 (as mentioned on the chart) represents key area imo, and with a clear 2. BEARISH DIVERGENCE on the 4 hour time frame, I think breaking of all above mentioned...

Mohanad_ElMeligy25

Btc is going to test its S1 which is highly likely to be broken down, which will lead to it testing its S2. S1 if broken will be a very strong resistance for btc in my opinion.

Mohanad_ElMeligy25

Btc is going to test its S1 which is highly likely to be broken down, which will lead to it testing its S2. S1 if broken will be a very strong resistance for btc in my opinion.