#BTCUSD What's next, rally or crash?
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#BTC technical analysis
As we can see in the chart BTC is forming this bearish flag pattern as same as it was made before in October and September 2022.
last time after the breakout of the bearish flag pattern, BTC drops 20% what do you expect guys this time?
Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC technical analysis
As we can see in the chart BTC is forming this bearish flag pattern as same as it was made before in October and September 2022.
last time after the breakout of the bearish flag pattern, BTC drops 20% what do you expect guys this time?
Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Comment:
Comment:
My view, this bullish divergence is a bullish signal. Keep in mind that we can still make new lows in case we get some very bad news hitting the markets, but this bullish divergence is, for now, a point for the bulls.
My view, this bullish divergence is a bullish signal. Keep in mind that we can still make new lows in case we get some very bad news hitting the markets, but this bullish divergence is, for now, a point for the bulls.
Comment:
#BTC
BTC effectively proceeded with its bullish move after breaking out the cup and handle pattern and successfully retesting above the MA100 support.
Presently, it is close to the half-retracement level of the long descending move. This is likewise a previous horizontal resistance level.
The bulls are showing strength. We've to wait for a successful breakout above the horizontal resistance, which would confirm the continuation of the bullish move.
#BTC
BTC effectively proceeded with its bullish move after breaking out the cup and handle pattern and successfully retesting above the MA100 support.
Presently, it is close to the half-retracement level of the long descending move. This is likewise a previous horizontal resistance level.
The bulls are showing strength. We've to wait for a successful breakout above the horizontal resistance, which would confirm the continuation of the bullish move.
Comment:
#BTC
BTC attempted to break the horizontal resistance but couldn't able to give a close above it. Now it is again trading below it.
Here we've to wait for a successful breakout above the horizontal resistance to confirm a further bullish move.
If it continues to reject from here, it will take some correction toward the horizontal support from where we could expect a bounce back.
#BTC
BTC attempted to break the horizontal resistance but couldn't able to give a close above it. Now it is again trading below it.
Here we've to wait for a successful breakout above the horizontal resistance to confirm a further bullish move.
If it continues to reject from here, it will take some correction toward the horizontal support from where we could expect a bounce back.
Oversold RSI, Bullish Divergence, Weekly trend line support. Bounce from here or not?