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BTC is right at this downtrend line from the recent high around 10,4k. RSI is neutral and not pointing us in any direction. From here there are three possible scenarios.
BTC continues to be a stable coin for a 2 more days, at which point it will have slipped above the trend line and will see some growth finally. This may start with a...
Showing the weekly TF here as this is a trend going back till May 2019 and I couldnt fit it all in otherwise.
On the daily chart we finally have a close that breaks the long term resistance mark (Orange line). From here we can see a move to test the previous support (green dashed) and finally the previous high resistance marks (green dotted). RSI is bullish, but...
The Orange Line has been a strong support and resistance line so far in 2020. Yesterday's close broke above the resistance line and we retest it again now. Holding a close above the line should allow us to move towards the next resistance around $3.16 and if that breaks, then to test the previous highs around $3.6-$4. There is room in the RSI on the daily for a...
Seeing a classic falling wedge pattern on the 1 hr chart. Crucial support is at 8600, with a reversal there and a break out above the top trend line, I would expect we could breakout to 9800 or higher again.
While I was hoping for a drop, considering the current market and halving approaching I guess this move wasnt a shock. What I am seeing now is the formation of a bull flag which will finish the push to sub-8,000 aka erasing any loses from the March 12th corona virus crash. From there we might see further rising prices or a pull back to 7,200 area.
Please like if you agree or provide some feedback if you disagree.
I see a similar pattern to what was played out a week ago, with a strong push above the 100-MA followed by a period of stagnation. If we follow this trend, we should soon see a drop again to a new low for today. I think this was a move to clear out all the people shorting BTC...
There have been a lot of repeating patterns on BTC lately, some bearish some bullish. This is the one that stuck out to me as most possible.
Waiting on confirmation that the trend line from 10.5 K holds and we get a lower close today. I dont believe it will go lower than 4k.
Not financial advise. Anyways, my first published chart so I look forward to peoples...