Still very much believe Btcusdt still has potential to test out 4800$, but the route seems so rough and seriously doubtful but all my setups pointed up to this target.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss should things turn around.
If price break through the support then next will be to wait ...
BTC has a history of hard drops into bear flags. Inside of the current flag, I am seeing some fractals form quite beautifully.
These fractals are shrinking commensurate with the upper and lower bounds of the flag, so it appears that our time is winding down until we see a big move.
I think we will see bottom of BTC Q1 this year, so anytime between now and ...
A weekly chart has been created For BTC on the Binance and this was Based on the overwhelming voting process of this platform in Our channel on Telegram : t.me
For the time being, I do not see any reason to rise now and should drop to test the support levels at $3100 and should you learn this will be Just a test good support ...
Keeping it short and simple as always.
50 Ema is an indicator I feel comfortable working with. We can determine repetitive patterns easily and as we see the Ema 50 has been acting as a resistance area. We are approaching the Ema 50 and unless we have Bullish movements we will act as a consolidation level to keep going downwards.
I spotted 3 bearish indicators ...
As you can see in this chart, the symetrical triangle is about to break and in this case, because we got into the formation from above, it means as usual that this is a continuation pattern, therefore, we should go further down.
If this does not break above around the 3,640ish then this huge bear pennant will most likely be confirmed. My target based on my fib is 3,1k (also that seems to be the consensus around here that 3,1k is the target).
Bitcoin is showing some bullish signs at the moment. Most notable of these signs is the trend on the RSI. For the moment, however, I think a huge move out of the falling wedge is not yet likely to happen any time soon.
- Double bottom with higher low (Similar to the typical lower high you could for example find around bitcoin's ATH, but inverted)