Golden cross and bullish divergence. This analysis is a trend assumption, do your own research.
- golden cross between MA50 and MA100 - MACD bullish divergence - end of cryptos bear market
In daily TF, the price structure shows the beginning of a correction after a rise of about 28% (from the support 90), confirmed by a triple top of DXY, a MACD triple top and a bearish divergence of RSI. In monthly TF, we have a strong uptrend due to a huge bullish divergence and a triple bottom.
The price structure and the study of divergences show a probability of a bullish scenario in 3 phases: 1/ bullish bounce untill 4000 (FIBO 38.2%) 2/ resumption of the decline until the strong support 3200 (FIBO 61.8%) 3/ return of the long term bullish trend up to 5000
Bullish bounce due to bullish divergences and a likely drop of Dollar. On the other hand, I remain bearish over the long term.
Despite the FTX affair which caused a new bottom, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - historical technical supports (Price, MACD , Disparity Index, RSI) - blue pill (Hash Ribbons indicator) - bottom found (Puell Multiple indicator) -...
- weekly death cross - huge bearish divergence - pullback completed
Bullish up to $1900 then bearish. Long term analysis:
- double top - death cross between MA50 and MA100 - MACD bearish divergence
- double top - death cross between MA50 and MA100 - MACD bearish divergence
Huge bearish divergence and death cross. This idea is a trend hypothesis, do your own research.
- triple top - death cross coming - huge bearish divergence
Triple top and bearish divergences. This analysis is a trend assumption.
Despite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors: - many bullish divergences in W, 3D, D, 4h - end of the big falling wedge (throwback completed) - new small falling wedge (dashed lines) - historical technical supports (Price, MACD, Disparity index) - blue pill (Hash Ribbons indicator) - bottom...
Technical indicators show a high probability of a “dead cat bounce” pattern which is a bullish retracement inside a downtrend. Indeed, the drop was triggered by a huge bearish MACD divergence and confirmed by a cross between MA50 and MA200, while the recent rise was triggered by a small bullish MACD divergence. I believe the bullish retracement will end below...
In monthly TF, we can see a huge bullish divergence and a triple bottom that triggered a long-term uptrend. In weekly TF, we can anticipate a probable correction of the resistance 118 towards the support 105. In daily TF, we will probably have minor corrections before reaching the next strong resistance...
BNB will soon break through a very important pivot zone. target1: 369 target2: 426 Don't forget to set a stop loss order.
bullish price structure + bullish MACD divergence target: 67 Don't forget to set a stop loss order.