I shared a general scenario of Bitcoin with you
I hope you like it
Bitcoin is in a downward channel
In this downward channel, there are two main supports to prevent Sharpie from falling, which I have marked for you with a blue dashed line
I drew the general scenario for you, there is no need for additional explanation
I think after we hit the top of the...
I published the crypto market Cap analysis for you
If we pay close attention, we had a stop hunt earlier in this area
which led to an increase in the market volume, and the same thing has happened now.
In my opinion, we will see an increase in volume
I shared the analysis of the dollar index for you
The decrease in the power of buyers is clearly visible, as well as the negative divergence in the RSI
In my opinion, we will have a decline up to EMA100 and up to the range of 100
You can see the currency analysis of the link
We are in a symmetric triangle and the volume is decreasing
and the fundamental news also promises us that the price will break down due to the interest rate that is going to be announced by the Federal Reserve.
I will share two possible scenarios for you
The Federal Reserve is not done yet
The possibility of war between China and Taiwan
The possibility of more attacks from Russia
Fundamental bad news that is very likely to form a new bottom for us
I analyzed the Nasdaq index in the weekly time frame for you
If until the closing of the weekly candle, the power and body of the candle is as strong as possible
there is a high probability that the price will increase until Fibonacci 50%, and
then the price will drop sharply.
According to the divergence that I see between the price picture and the RSI indicator in the time frame of 4 hours
And also the presence of ema200 in the daily time frame,
I see this as the best point for short
The first target is the range of $0.36
Stop loss $0.481
I want to share my opinion with you
In the past, whenever we experienced an uptrend, we saw strong declines after the uptrend support was broken
I think that if the uptrend level is broken, we will see the price decrease until the price of 1.95 dollars