Hi folks today I'm prepared for you BITCOIN analytics. After the formation of the resistance zone 29665-29960, the price began to decline and reached support 27670, from which it increased. Bitcoin made a deep upward correction, retested the resistance zone, rebound and continued to fall. The price continued the downtrend and broke through support at the level of...
So many crypto guru's will stone you to death if you speak negatively on BTC! I'm never the one to marry my bias or not believe what the chart is telling me. Here, I used the weekly chart on BTC to break it down from a longterm perspective. Since 2021, I've been trying to explain to people through charting that BTC WAS NOT going to a 100k in 2021!! Had so many...
As the 200/50/20 SMA approach a cross the most likely scenario is to see a larger decline over the course of the next month. The cross should happen as BTC approaches/crosses the $45,500 mark. This will show oversold on the 4 hour and begin the downward trend. It can be expected there will be significant resistance at $39,900, while being broken and heading to...
like my previous idea, RSI will rise up to 40-60 then will drop again
Looking at BTC we have been stuck in this downtrend for a few weeks now and a couple bottoms could be in sight, the Fed tapering news could be playing into this for sure and aswell as the evergrande defult, seems like everytime we start making some progress some form of news pops up lol. personally i think we are seeing big time accumulation phase going on in the...