Hello everyone, this is our view on btcusdt, enjoy!
Analysis:
We're studing a lot these days and this is the result we found from this chart. Classical double top formation now that we're marking first lower high, so we're now ready to retest lower supports (we also have a gap on cme futures to fill). Lots of patterns spotted and drawn. The first signal of a dump will be the breakdown of ma100, wma10 is holding the price on small variation while it can't handle a dump once it has been broken down. First short target is on wma200. Emas are holding the price as well, so a higher high on small timeframes and a lower high on h4 or more is expected. Formula could be pump and dump, with price reaching overbought on bollinger upper band and then just dumping straight to oversold below the lower band. Very big ichimoku cloud, I know, but it's turning bearish and i believe it will stretch on January 17. Bearish trend on fisher transform which is about to make a golden cross. Classical bull uptrend on some laggings (chaikin, moneyflow, uo) which are their way to form a bearish divergence. Rsi and stoch (14,3,3) already formed bearish divergence in a downtrend. On smooth 50 trying to form a golden cross, that would confirm our thoughts as it would be negated very soon. Bearish momentum marked on ao and macd which is trying to make a golden cross too. Small fear accumulation on small timeframes, big greed accumulation on h4 and longer. Fractals suggest next leg up and down.
Strategy:
We think that we're about to mark a lower high (higher high on small timeframes) and then mark another higher low (lower low on small timeframes). That would confirm our bearishness. So we are short:
Entry: 8280-8328 range
Target (short-term): 7930-7757
Buy: 7304-7084-6874-6300
Stoploss: 8520
Trade safe. Anlvis.
Analysis:
We're studing a lot these days and this is the result we found from this chart. Classical double top formation now that we're marking first lower high, so we're now ready to retest lower supports (we also have a gap on cme futures to fill). Lots of patterns spotted and drawn. The first signal of a dump will be the breakdown of ma100, wma10 is holding the price on small variation while it can't handle a dump once it has been broken down. First short target is on wma200. Emas are holding the price as well, so a higher high on small timeframes and a lower high on h4 or more is expected. Formula could be pump and dump, with price reaching overbought on bollinger upper band and then just dumping straight to oversold below the lower band. Very big ichimoku cloud, I know, but it's turning bearish and i believe it will stretch on January 17. Bearish trend on fisher transform which is about to make a golden cross. Classical bull uptrend on some laggings (chaikin, moneyflow, uo) which are their way to form a bearish divergence. Rsi and stoch (14,3,3) already formed bearish divergence in a downtrend. On smooth 50 trying to form a golden cross, that would confirm our thoughts as it would be negated very soon. Bearish momentum marked on ao and macd which is trying to make a golden cross too. Small fear accumulation on small timeframes, big greed accumulation on h4 and longer. Fractals suggest next leg up and down.
Strategy:
We think that we're about to mark a lower high (higher high on small timeframes) and then mark another higher low (lower low on small timeframes). That would confirm our bearishness. So we are short:
Entry: 8280-8328 range
Target (short-term): 7930-7757
Buy: 7304-7084-6874-6300
Stoploss: 8520
Trade safe. Anlvis.