Just throwing this out there. On top of what is on the chart you can see the declining volume and all major indicators have put in lower highs since the initial macro wave 1 pump.
On this Analysis, you can see clearly there is a hidden trend line. every time we have close below this line there has been a major Dump.
If you are new to charts here's one for you. Just look at this long term chart which provides a better guidance on the long term trend. What's the trend? And with the fundamentals that we can't even chart the money supply world wide, well, we can't measure it by itself but BITI is the closest chart to world money supply and the value of FIAT currencies.....
BTC Down to 55k then go to break ATH - RSI in 4h TimeFrame
I notice in the weekly RSI it got a repeated pattern, we might have another blackswan even like March 2020 soon, and after the dump have a big push upwards. So coming few weeks be very important to keep eye on this as I believe we will have few more weeks of bearish action from looking at this.
Because the situation is very sensitive, I analyze the chart step by step and send the signal, after reaching the target of this signal, we publish the next signal.
Looking at the 3 months chart which should expire by month end. We are seeing BTC heading for a major reversal to bear season which will last for many months (if not a year). We can also see the MACDs are about to have a death (bearish) cross, though it has not happened but it's good to keep our eyes on it. Personally I don't think this is a good time to start...
Hello friends, I hope you are victorious, we have the support of 40 thousand and 37 thousand
BTC is on elliott wave 3 .it will see 41k . next target is lower and will tell you after correction of elliott wave4
I think this is double bottom trend pattern. be careful guys. btc test 46300 area and btc will be achieve 56K area. don't forget it
BTC is looking bearish and break out the Traingle we can see a short in BTC
The market seems to be in a retracement from all that bullish pressure. Chances are it will retrace to the 50% on the Fibo. Before continuing it bullish price action. The analysis is of price action and volume. ob = order block ib = imbalance 4h sb = 4 hour structure break.
everyone buying for profit. but not everyone achieves. because they are blindfolded. beware of something we really don't want to see. good day.
after implosive wave we can see Btc making corrective wave Btc is facing very strong resistance zone.
📖BTC Analysis: As you can see, it broke its bull channel. At this time, it is rejecting the 46000 area. We believe that if it fails to exceed 47200 it will have a stepped retreat to 42300, testifying to the 0.382 fib. Then it will try to reach the next target in the 51800 with the greatest momentum. Stay tuned🐺 Wolfy Signals
I think btc will going fall to this support. At 42k, can be long again.