Bitcoin update 4hour analiysis,
Yesterday's -9.8% drop wasn't expected at all. Everything was working fine and I personally expected BTC to reach $46k but these FUDs messed up everything. Still, being a trader, we must be prepared for any kind of situations.
Now, as you can see in the present chart that BTC is struggling to break above the 21 MA which is not...
If you look at the stochastic on the hourly, we are pointing down from overbought area in the second from bottom pane here.
Further, there is a declining trendline on the RSI acting as a resistance.
I think we will get a pullback to mid 44's before we see which way the market decides to go.
The weekly is about overbought on the stoch, but whether or not we get...
Some ideas on BTC this weekend.
This week byers did not manage to continue the growth of the BTC price. Yesterday, the price reached a local maximum at 38432.
But BTC probably can break through the trendline in the near future and update the local maximum.
Scalper Season analytics have an idea that there is now 2 pullbacks to fefuel before BTC will open the new...
And easy like that BTC is framed.
Bullish, bullish and bullish is Bitcoin the one and only true leader.
We are forming a triangle that may be broken in a matter of 1-2 days.
I see impulsive reversal on the upside till 48k first leg.
If we get to Elliot waves this is going to be a prosperous year for the world.
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Important: Altcoin Area is the area in which if bitcoin remains, altcoins will strongly grow. btc should stay calm in this area. so any volatility in this area is not that positive for the whole market.
the red thick line is the line which bitcoin tends to break for a deception. so do not buy if bitcoin hits that.
blue lines are based on +volume profile +pivot...