#BTC 30min On a small scale, you can see the possibility of a rollback of the last growth: if local support does not keep market pressure, then we will decrease to levels of 6000 and possibly 5880. If the asset manages to enter the resistance range, which at the moment looks like a pretty strong barrier, its upper edge (6640) will make it possible to grow to higher levels.
It's dangerous to be in alts, until Bitcoin has decided on the direction of the move, a recommendation to close all active short-term and medium-term deals. You can only keep long-term assets that have been severely declined.
On a 1-day scale, the market is too oversold: Stoch RSI has pushed its lower limit and is already starting to rebound, RSI in the oversold area, where it can also unfold. Below meets tight support near the level of Fin 0.786, within the cost of 4800-5000, but to decrease further to these levels without a visible correction of the fall (rebound or flat), the market...
#BTC Also, considering the possibility of fractal movements, we can be on the threshold of the next wave of growth.
#BTC 3d If we consider variants of similar fractals, then looking at the BTC chart starting from 2013, you can see that there is a chance to repeat the move in the yellow rectangle. This scenario was published as early as April 22nd, and by the current moment the market follows this analysis.
#BTC On a close examination, it is possible that the price of Bitcoin remains within the levels of Fib 0.618-0.786. Now we can very long oscillate around the level of 8200 and below, forming a flat (lateral movement). But against this background, the lion's share of the alts should show positive trading opportunities, the quieter the BTC movements, the more...
#BTC The market still needs correction of the growth. On a 1-day scale, overheating is noticeable: the Stoch RSI is ready to drop, and RSI concerns the overbought zone. The decline may occur no less than the 7400 area, where we will be met by a tight support of the downtrend line (which in the recent past was a decisive resistance, the breakdown of which...
MACD on the weekly close to crossing RSI breaking the 50 level SAR indicator under price for the first time in 2018 Price above the 50 ema We are currently at an important turning point. Either we break higher from here or we go longer. Although not shown we are at the .618 fib level relative to the previous peak. All rally's in this bear market have reached the...