BTC is clearly oversold on daily and weekly timeframes.
The price already touched 200 MA and soon it's going to bounce hard.
On hourly time frame we can see bullish divergence, falling wedge and declining volume.
And in my opinion it's a great time to buy btc and other crypto as well.
Pessimism and panic is created artificially, we can see blockchain adoption, ...
Everything is falling in line for ~3k test.
both RSI and Stoch RSI show bearish divergence. SAR, waves, trendlines, channel, wedge, almost everything confirm the further fall. this downfall is not over yet. but we may see a little correction on the way down.
BUT this is TA, you can never be sure. we can just filter out the possibilities.
i think the best move ...
BTC USD in 12h timeframe is situated into a falling wedge which means at the final will be a breakout,Usualy the price test this support of wedge three times and after will be a breakout
Stochastic RSI at 12h timeframe is overbought(they can go up from here a little but after will made a bear cross and price will come down in my opinion)
RSI below neutral ...
XEMBTC situated into falling wedge and probably can touch top of this channel which is 2293 sats and after will make a breakdown(correction) after 42-57.52% gains
We have a bear cross at stochastic
MACD need a down correction but to remain bullish they need to stay above neutral zone -0-
RSI bullish, near overbought zone
Or from here 2051 sats or between ...
As seen ethereum can test the third bottom (about 72$ which is 3000$ BTCUSD * 0,0237 the minimum from December 2017) then rebound to 92$ (which is a resistance on the falling wedge which is a potentially bullish formation). We will see.
Hi everyone, Waves looks now that downtrend not end yet here, we are in falling wedge and maybe go for double bottom around 24000sat-25000sat, this is buy range for me. if we come here. Stochastic looks not good here. Is possible that we break falling wedge sooner, so after that this trade is not active for me. I am waiting for 25000sat. Then I am opening long on ...
Below are some keypoints to support a positive breakout from the falling wedge.
Also check details on "Falling wedge reversal pattern".
Falling wedge signs
- A cone that slopes down
- MACD positive crossover
- MACD positive divergence
- CMF positive crossover 0.0
- Volume increase
- TD counter is at 9 for the weekly
Maybe we go back down one more time. But Its a ...
The way I see it, this is either a broadening wedge or a falling wedge. The difference is that if this is a falling wedge, we might be approaching the falling wedge resistance to around $3740 which coincides with a 38.2 fib retracement to the 29 November high. There is also bullish divergence on the 1H MFI so expecting a move to $3740. We either then have a strong ...
In the event of a positive global market, NULS can demonstrate a good result for long-term investments. The asset has made a long correction path and is now testing a possible "bottom". Correctional rollback was -82%, which is more than enough; a downward wedge has also been formed, the breakdown of the upper face of which, as a rule, leads to subsequent ...
This wedge can give BITMEX:XBT bulls some hope at least.
We also have a bullish divergence which has been playing out for well over 2 weeks, so there is still hope for some upside soon. But if I'm going by RSI, we should test that uptrend line at least one more time:
We could be forming a potential falling wedge formation on the daily, 2 touches on the bottom trend line and the bullish gartley on the LTF 4H could be the leg up to complete the second touch of the top trend line on the daily.
Reason for entry: Bullish gartley completion on the 4H
Stop loss: $3595 (BTC could head down to form a channel ...