This idea is based on the fact that BTC has repeated the same pattern 3 times in a bearish channel, although it will not necessarily continue to be fulfilled, if a pullback is made we could determine an exit. Although currently BTC is not in a good having broken its EMA20 and SMA50.
Part 1:
Part 2:
Part 3:
They are not really very positive, I would go short if he is rejected in the 51k. If you get a pullback, it wouldn't get personal. This is just a pattern-based idea, don't take it too literally.
Indicators:
Exchange BTCUSDT 2h Binance
Price:50,675.10|49,066.77|47,598.87
Vol: 7,356| 8,951| 13,533
ATR: 1,169.5000
OBV: -54.8 K| -62.2 K| -71.2 K
RSI: 53.54| 44.09| 32.45
MFI: 41.65| 38.23| 33.13
CCI: 56.59| -155.03| -291.78
WR%: -7.73| -41.26| -81.61
ADX: 20.93| 22.20| 21.08
MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish
Support And Resistance
S: $47,598.870
S: $49,333.010
R: $50,853.720
Volatility is moderately low
EXPERIMENTAL 🧪
RSI:No divergences
MI: Bearish divergence
FVE: Bearish divergence
Volume: Bullish Volume Trend
Part 1:
They are not really very positive, I would go short if he is rejected in the 51k. If you get a pullback, it wouldn't get personal. This is just a pattern-based idea, don't take it too literally.
Indicators:
Exchange BTCUSDT 2h Binance
Price:50,675.10|49,066.77|47,598.87
Vol: 7,356| 8,951| 13,533
ATR: 1,169.5000
OBV: -54.8 K| -62.2 K| -71.2 K
RSI: 53.54| 44.09| 32.45
MFI: 41.65| 38.23| 33.13
CCI: 56.59| -155.03| -291.78
WR%: -7.73| -41.26| -81.61
ADX: 20.93| 22.20| 21.08
MOM: Bullish Momentum
SMA: Price is Above SMA Bullish
ADI: +DI >DI BULLISH
MACD: Bullish
PSAR: Bullish
Support And Resistance
S: $47,598.870
S: $49,333.010
R: $50,853.720
Volatility is moderately low
EXPERIMENTAL 🧪
RSI:No divergences
MI: Bearish divergence
FVE: Bearish divergence
Volume: Bullish Volume Trend