BTC/USDT BINANCE THE PROPHESY III (The Purge)
1D hollow candles.
After the huge crash of March 2020, a parallel uptrend channel has formed.
As far as the price stays in the parallel uptrend channel, we have bullish trend.
So far the price couldn't break the upper half of the parallel uptrend channel.
If price breaks the parallel uptrend channel, both up or down, new TA is needed.
General Support and Resistance areas are shown as horizontal lines, as the same areas are shown as rectangles for the current momentum and the next months.
Volume is steady and slightly decreasing.
MACD is bearish for a long time and its possible to see a repetition from July 2019.
If Forecast indicator succeeds, then MACD also will cross bullish, so the fractal could be canceled.
After many fractal resizes from September 2019, this is a possible spot that fits exactly on the extended bold yellow downtrend line.
In general BTC gonna be very unstable in the next months.
Bitcoin (BTC)
$10,284.97 USD (-0.89%)
Market Cap: $334,060,103,283
24h Vol: $351,169,583,000
BTC Dominance: 56.8%
Good Luck
1D hollow candles.
After the huge crash of March 2020, a parallel uptrend channel has formed.
As far as the price stays in the parallel uptrend channel, we have bullish trend.
So far the price couldn't break the upper half of the parallel uptrend channel.
If price breaks the parallel uptrend channel, both up or down, new TA is needed.
General Support and Resistance areas are shown as horizontal lines, as the same areas are shown as rectangles for the current momentum and the next months.
Volume is steady and slightly decreasing.
MACD is bearish for a long time and its possible to see a repetition from July 2019.
If Forecast indicator succeeds, then MACD also will cross bullish, so the fractal could be canceled.
After many fractal resizes from September 2019, this is a possible spot that fits exactly on the extended bold yellow downtrend line.
In general BTC gonna be very unstable in the next months.
Bitcoin (BTC)
$10,284.97 USD (-0.89%)
Market Cap: $334,060,103,283
24h Vol: $351,169,583,000
BTC Dominance: 56.8%
Good Luck
