$BTC Bearish scenario
Double top with some bearish divergence on the larger time frames. Coming into September is a historically bad month for crypto as mentioned in the previous analysis.
Currently we have support at:
$47,200 (100day ma - major support)
and $46,900-47,000 ascending channel support
Possible bearish targets
^ $BTC bullish scenario
Broadening wedge forming a the bottom long term ascending trend line - if this market pattern completes and breaks to the upside we would see a 2.9% rise to around $49,000 initially. This should allow us to retest and break the 50k zone thereafter.
Its always good to like at both sides of the coin a bearish outlook (which
Vertical analysis of BTC paired with the stochastic RSI on the 14-day chart.
- Yellow boxes = represent bear market/bear prices
- Thick green line on stochastic rsi = bull market resistance
Taking a look a historical data this method has proven its self as a very solid way to predict both bottoms and tops of the market cycles(although much better at...
Only $BTC chart you will need
Clearly labels all support and resistances + support and resistance zones
support (black line)
Critical support zone: If this level breaks we will see 16-20k
Critical resistance zone: If this level breaks we will see new ATH for BTC and the bull run will be restarted
We are currently in-between the major...
Ramp is showing some strength here bouncing strongly on the long term trend line (black line) and in the accumulation zone. A potential reversal is in play for this coin and it could be a good idea to grab some for the long term (small amount) - Before we can be more bullish we will need to see a break above the 42.63 on the RSI (3 day) and a...
$BTC update from initial 20k prediction post 19th April
Now that the chart has developed more since the initial 20k prediction on the 19th of April I have decided to re-analyse that same chart and look for any new potential clues/changes
We can see in the previous 2 crashes the price did 4 things on the weekly chart
1. Flash crash through the 20EMA (this...