RSI makes higher lows.
Volume rises.
Bullish wedge chart pattern.
AI thinks people bought the dip.
Long is worth a shot.
(Now that our shorts are in profit already :))
Ascending Channel on Bitcoin chart.
AI thinks bears have the power to break it down.
(If they choose to.)
Possible bull trap and extended consolidation. Take care of margin risk management!
Bearish Flag on Bitcoin
Bearish Flag on Bitcoin chart.
Price is at intersection of resistance lines.
So, AI recommends short.
+ Volume went down, candles went small. = Bearish pressure.
Death Cross (Trendlines - Resistance) on Bitcoin chart.
AI recommends short position.
Targets: $41k, $38k, $32k.
Watch out for potential bounces from support trendlines!
USDT.D will break up its channel.
Dominance sits on a set of support trendlines now.
According to chart pattern rules (falling channel), target is the green circle.
AI recommends long on USDT.
(Short on Bitcoin.)
After years of Central Bank "price stability" with a special focus on keeping the equity bull alive, #Trendfollowing strategies were finally unleashed following Covid making up for lost time, and are on track to post yet another stellar year. Of course past performance is never any indication of future returns, but we can think of at least one decent source to...
Completely inevitable that we will see the total market cap test the $1.2 Trillion support within the next 6/8 weeks, if not much sooner. Currently sitting at $1.7 Trillion.
This will see Bitcoin wick below $28,000 and aligns well with our previous Bitcoin post.
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Do you believe we are now in a bear market? If so, Where are we heading to? This chart looks very dangerous to me and I hope everyone's developing a strategy to secure their bags in case we see a move to the lower 20ks or even the 10k-15k range. Anything is possible in this volatile market. I'm curious to hear the communities thoughts.
Don't trade with what...
