📈 A new top on BTC and the possibility of a retracement for the
The general trend of the market is uptrend. We have a new top on as you can see in the chart. So I believe it's a sign for the possibility of a retracement for the uptrend.
4h chart shows BTC is stucked in triangle and must move up or down.
Resistance is at $9377 and support level is at $8943
It's likely to fall and if it falls below $8800 , it's next target will be around $8500
I've tend to bullish from 8,900 with 8,400 being a support from previous breakout. There's higher lows and nice bounce from ichi clouds on multiple time frames. However, once we get above 10,000 again and hold that is the level to break to confirm bullish trend in the long term in my opinion.
A break below 9,000, which acts as support and then a final...
I can see a rising wedge starting from March 16 after the big dump on March 12-13. So we can predict a dump again at the end of the rising wedge to the area I draw between 5600 and 5100.
Please be aware that it's just a TA, not investment advice.
Wish you the best!
PS: I hope you are healthy and safe at your home. Stay strong, we are together in this!
Currently in the one hour chart bitcoin has a bullish flag but showing a bearish divergency in the RSI and MACD.
If BTC breaks the 9900 next target will be in the 10500.
Actuamente en el gráfico de una hora BTC muestra un banderín alcista pero presenta una divergencia bajista en RSI y MACD.
Si BTC rompe los 9900 el siguiente objetivo está en los 10500.
As you can see, Bitcoin LOVES to hang out in this channel. But when it does break out of it, it breaks out in a major way with a massive price surge. Breaking out of this channel led to the 20K bull run and also our last run up to 14K. It could be a while until we break out though. If we get rejected from the top of it - as we did 5 times before the 2017 bull run...
Bitcoin did test before some levels as i did expect, and its now on way to breakout to 8K +, i think the next breakout increase will be high.
Its already did test 2x, and the 3th time will be the real breakout i expect.
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So lets take a look at the Daily chart here.
Looks like Shit, I know - BUT There is a positive takeaway.
If we look back at the charts over the course of the past 365 days we see a trend that has repeated itself , quite expectedly on 4 other occasions. So the question is:
DOES HISTORY REPEAT ITSELF?
The LOWER Yellow line is a support line from...
The TRAIN is unstoppable! In this down-train, we had 7 bearish days in the row a small pause (doji) and three after that! Last time when we got 7 or more red days in the row was 07.2014, so, more than 4 years ago, a pretty significant yes!?
To me, to make a new TA. was very hard and I thought this is even impossible because we need to settle down to make a...
Here we have BTC/USDT 4H chart.
We have a strong bull trend vs strong bear trend past days of trying to break the bear trend end to be fail and liar but I think this it now by review the H&S I had published since the last try to break
We have to be patience this critical...