Bitcoins weaking the last weeks more and more. Best, but very unreliable version would be sidewards trend. More possible is a draw down. So targets are 42k $ and maybe 22k$ So fasten your seatbelts :)
You can buy this breakout, retest and now a follow through with stops around 56000. A major wave C down still needs to happen for the correction to be completed.
Positive divergence on rsi
- A perfect H&S for BTC-USD pair - New targer 62K
- Strong momentum to the upside - Entry earlier today off the 382 predicts 618 extension - New targets at 65k+
Short term bear is forming as far as i can see. I would like to add how erratic price has been wild $10,000 swings and 25% corrections nearly every other week. This is not healthy :) Other than the i try to explain in the chart what my thoughts are. Good luck everyone
BTC USDT pair has a negative div at 4h. This could bring a short.
Yellen Warning Treasury Secretary Yellen says Jrates may have to rise somewhat to keep economy from overheating ...cnbc
Bitcoin will adjust difficulty up almost 30% in about 8 days from now. This will likely mean a return of skyhigh fees to make a bitcoin transaction. On top of that there may only be a few pools signalling taproot which will kill sentiment a bit. Ethereum is also getting lots of attention and new all time highs which may make some hodlers defect to ETH. Add to that...