Total 2 index is located in a sensitive area.
There are some positive points in it that can be evidence that it can register a new ATH and see the real ALT season.
Initially, a pattern of cups and handles was formed in the weekly time frame, and it was able to make a good candle this week.
The CCI is testing its 100 line break for the second time and is on an...
BLZ has a heavy resistance line in his path that BLZ has encountered many times but has not been able to break.
The resistance line is now combined with its moving average 200 in Daily time frame, which makes it harder for it.
But if it can break this resistance well, it will go up to 0.4513 without pain.
Please comment, will it succeed in breaking this resistance?
Form cup and handle pattern
On the other hand, it has broken the downtrend line with major pivots, which can give a good profit
In addition it broke the trend line with minor pivots
It is also on the line of its uptrend
If it can break the drawn resistance line, it can reach the targets.
The last time BTC.D reached the Fibonacci 50 line, it had a good growth towards the 127 Fibonacci line.
This time, he has corrected exactly up to the 50 Fibonacci line.
what is your opinion?
Is there another rise for BTC.D?
BTC in bearish channel and touch the bottom of this
and BTC touch the MA200 in 1D time frame
and touch the 1.618 fibo retracement
and touch the important supported line
and the least BTC make a bullish three drives pattern
in my opinion , bitcoin for the following reasons ,come back from 40,000$:
1. Moving average 50 probably support price
2 .the area is 61.8% fibo retracement
3.the previous supported line
and when the price touch this zone we have a bullish divergence in MACD in daily time frame
if this area can not resist ,we have to wait for bitcoin 29,000$