Though there is bearish divergence forming, there is also a bullish hidden divergence forming at H4. I believe that price may go beyond 1.2384 because of the hidden divergence. But have to be cautious about the bearish divergence forming.
BTC.D shows a strong reversal sign, but it is still strong
BTC.D (BTC dominance) ran as my last prediction, it ended at around 73.5% before having a correction.
A regular bearish divergence between BTC.D and its RSI appeared on the daily chart, forecasts a bigger correction of BTC.D.
BTC.D meets its MA20, strong support that can push it up to near 73% before...
D1 - Price reached the top of the channel.
H4 - Price reached a critical zone formed by the top of the daily channel and the fibo levels of the cycles, double top, bearish divergence.
H1 - Bearish divergence, price has broken below the uptrend line, we may now look for pullbacks and sells with bearish evidences,
D1 - Potential double wave down, price has room lower towards the critical level. Price is currently moving inside a bearish flag pattern.
H4 - We have a critical zone that has formed based on the fibo levels of the cycles and the top of the daily bearish flag pattern.
Price has currently reached this zone, we have potential bearish divergence,
We may now...
D1 - Potential double wave down, price has room lower towards the critical level.
H4 - Special cycle completed, currently a retrace is happening, double wave up price has reached a critical zone formed by the 100 fibo expansion level and 61.8 fibo retrace level.
Potential bearish divergence. Until this level holds we may look for bearish setups with bearish...
D1 - Price is moving inside a bearish flag pattern.
H4 - Price is nearing the critical zone formed by the top of the daily bearish flag pattern and the fibo level of the cycle.
H1 - Bearish divergence, once the price reaches the critical zone, we may then look for bearish setups with bearish evidences in order to join the bears.
Invalidation: This sell setup...
BTC dominance (BTC.D) continues raising, when will it stop?
Base on a simple Fibonacci retracement draw, we can expect the (72 - 74%) values will be the top of this rise. There was a small difference (about 1-2%) between Tradingview and Coinmarketcap.com's calculation. So the relative values for coinmarketcap.com should be 70 to 72%. We are so close to the...
BTC dominance appears to be within a Bearish Pennant...
This is my current count here...
Also within a Rising Wedge...
5Day Bearish Divergence with Declining Volume at the top of the trend line...
D1 - Price broke below the triangle pattern, we got pullbacks in the form of double wave, bearish divergence and then we got a trend line breakout.
H4 - Currently it looks like a pullback is happening, bearish hidden divergence.
H1 - Double wave up, bearish divergence.
The price has broken below the most recent trend line we may now start looking for sells...
W1- Double wave down, price broke below the 61.8 level, until this breakout holds, we may expect the price to move lower towards the next critical area.
D1 - Bearish divergence, price broke below the bearish flag.
H4 - Price has currently broken below the last low, we may now start looking for sells with more bearish evidences.
BTC shows 2 bearish patterns, including a rising wedge and a regular bearish divergence.
Price is expected to drop to $10,000 - $10,250 area, there will be a good place to buy BTC for higher targets.
The supports, resistances are as shown in the chart.
W1 - Price trading inside a range. Top of the range zone is now reached.
D1 - Special cycle. Potential bearish divergence on the way.
If this special cycle completes itself then as per the book scenario we may expect possible pullbacks to happen.
We may then look for bearish setups with bearish evidences on lower timefrmaes in order to start looking for the sells.
W1 - Price broke below the triangle pattern currently it looks like a pullback is happening.
D1 - Bearish divergence.
H4 - Price reached a critical zone formed by the fibo levels of the cycles and the bottom of the weekly triangle pattern, bearish divergence.
We may now look for more evidences of bearish pressure in order to join the bears.
W1 - Price broke below the channel, currently it looks like a pullback is happening.
D1 - Bearish hidden divergence.
H4 - Bearish divergence. We have two possible scenarios:
- One more push higher and then we may look for sells with bearish evidences.
- Immediate continuation lower.
D1 - Bearish hidden divergence.
Price has reached the top of the range, and on the last push up the pair formed double top with potential bearish divergence (depending on how today's bar will close).
H4 - Breakout below the last low shown in the chart could provide sells.