I publish the analysis for bitcoin price scenario. Buyer/trader can buy at golden ratio Fibonacci (19,520-19,516). The supply of bitcoin price is at 30,500-30,600, then it will rise high to supply area, and next going to demand area at 11,000.
By using Technical Analysis on the USDT.D + USDC.D chart, compared to the Bitcoin chart, it becomes easy to spot Bull and Bear phases, let's have a look :
What we can see :
- Thanks to this parallel channel we can see that every time the USDT/C dominance reaches the top of the channel, Bitcoin starts a new Bull movement. And every time the USDT/C dominance...
Today H₿ Capital is analyzing ₿itcoin (BTC) based on a « 2 weeks » chart 📈
What we can see :
- Price could fall straight to our « Trend line of interest » (which coincides with a « Weekly » SSB flat - Ichimoku) if and only if buyers get exhausted during this dip.
- Bearish divergence on the RSI (we didn’t even touch the level 46,67 on the RSI), so...
If Bitcoin is not going higher this would be a possible scenario.
First C waves most probable retracement for a ZigZag are :
61.8% : 45322$
100% : 42546$
123% : 41000$
161% : 38412$
Nothing has been confirmed yet this can be a WXY, or WXYZ or ABCDE but if it's a WXY
you will find most possible targets in clear blue.
This idea of a WXY is coming from Analyse...
W, 2W and M timeframes will close tomorrow (in 22 hours).
Right now it doesn't look pretty at all with this double top on the W and the double top on the 2W including a Shooting Star.
I will cover all this on my Youtube Channel tomorrow morning and afternoon. Just type Crypto Mercy and you will find my new Channel.
Right now we can see strong support between 40.5k...
