Hello Crypto Family
Just after I started to post some TA, BTC started to drop. I've used these couple of months to develop some indicators to help us read the market a bit better which I would love to share with you. We shouldn't expect 100% accuracy ;)
Since August many altcoins have started a little uptrend. Whales seem to buy into alts before pumping BTC, right now we have a very similar situation/trend like in April when we had our last altcoin bull-run. Let's see what BTC is going to :)
BTC TA
Hourly
1H
Bear side
As you can see we have dropped under the previous uptrend channel. On the move up we have many resistance lines to cross:
In the next posts I'll give you an introduction to my new indicators. I'm going to give these indicators away to a small group of people. With your feedback, I'll try to improve these indicators for us.
If you are interested, feel free to keep in touch.
Just after I started to post some TA, BTC started to drop. I've used these couple of months to develop some indicators to help us read the market a bit better which I would love to share with you. We shouldn't expect 100% accuracy ;)
Since August many altcoins have started a little uptrend. Whales seem to buy into alts before pumping BTC, right now we have a very similar situation/trend like in April when we had our last altcoin bull-run. Let's see what BTC is going to :)
BTC TA
Hourly
- because of Tether fud, we had a pump on the 15th of October but we hit a resistance line (6800) and had a sell-off, longs and shorts both got squeezed.
- shorts are rising again and this makes another short squeezed possible.
- On MACD and RSI we are in the apex of a symmetric Triangle and the current move is pointing to the upside.
1H
- on 1h we have a ABCDE pattern, with E already in, we should see a move up. It's difficult to tell if this is a bull or bear flag.
- Also the MACD is about to have a bullish cross.
Bear side
As you can see we have dropped under the previous uptrend channel. On the move up we have many resistance lines to cross:
- 6500 = previous support line in the uptrend channel
- 6800 = previous high and pushing out of the channel
- 7400 = previous high in Sep.
In the next posts I'll give you an introduction to my new indicators. I'm going to give these indicators away to a small group of people. With your feedback, I'll try to improve these indicators for us.
If you are interested, feel free to keep in touch.