Bullish divergence formed on the daily and potentially weekly time frame if the week closes red.
This could be the move up for wave 4 of C or potentially the bottom of wave 5.
Looks like a good place for longs with a tight stop loss.
Will be keeping an eye on the weekly close for the bullish divergence to play out.
The past data shows us that there is a good and strong support at the price of 19585, which has hit the resistance of 20451 every time it hits this support. So, according to the first two green lines from left to right, there is a possibility that we will move towards resistance once again. All analyzes are not 100% and there is a possibility of error
My $BTC vision till 2025. Max Bottom Possibility $ 8000 - 8500 Key Level 11k, 13k , 15k , 17.5k, 19k
Just a DCA Plan ! Leverage ( Be Careful ) ! Play level to level and No Moonboi Stuff !
This post is almost the same as my additional comments in the previous post.
I'm not bullish for the short to middle term, but the red box represents a theoretically possible price range.
Just I didn't want to downplay the immediate bullish chart formation.
Look for 19-25 with volatility until march/april 23 when we get into the 30s,40s and back into the low 30s high 20s again to close out 2023, next halving bull run starts early 2024 with btc sitting 28-32k early 2025 top 150-210k
Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
support & resistance's marked on the chart.
This is not financial advise.
PLZ DYOR
With hopping success>>>>>>>>>>>>>
finex shorts at a fairly key resistance but the longs arent down much at all, showing signs of reversal here up 1000% from the top and 500% from the march highs 200% on this recent down move..
longs only down around 7% though from the crazy increase in longs earlier this year
could be first sign of reeversal or we break out here i suppose
up 1000% from the top is...
Even on the log chart, the trendline for the bullish trend is being broken. This is incredibly bearish.
If the bitcoin price doesn't bounce here, i'd expect the price to head much lower.
This is the possible trend of BTC, after studying the btc trend for a while i came up with an analysis which i decided to share with my Audience. you can add your suggestion
