BTCST is in nice and smooth accumulation phase. If bitcoin stays stable for next few days and there are higher chances to break out of this accumulate zone and start rising towards $45, 57 and $66. This zone is very good to buy and jold for mid term. Before break out I can sense a fake break down of this zone as a early sign.
Btcst project has a lot of potential to grow, limited supply, possible NFT listing, unique project and many holders with upcoming airdrop. Hopefully it'll break 39 and 43 resistance soon and my final target is $100. InshaAllah
These are some levels to watch in February. Saving for future reference. I'm quite sure in Feb btc will surely tough the BB support if not the Tenkan Sen support.
When ever any TF candle closes above BB upper band and next candle open up too than it definitely come down to not even test it but in most of time it break it down. In above chart we have same example...
Today I'm expecting a drop to retest the resistance turned into support around 89.60 zone and than DXY can start rising again.
EURUSD can rise to 1.23000 and USDJPY can decline to 103.500 zone in response of DXY drop.
... Saving for personal analysis. According to dow theory a trend reversal starts when volume start declining and price move in LH and LL. BTC price made a new LL so it can be in his 3rd phase which calls Panic.
Bitcoin is free falling. Next support is more valuable because it is based on same support line which saved btc at 6477 region. let's see what happened when it hit there.
Market is also in extreme fear @17 today. If bitcoin bounce from here then resistance would be around 87-8800.
As you can see in the chart, bitcoin is clearly moving in a downward channel so possibly it can breakout to upper trend line 8700+ and then came down or can also keep sliding with the lower trendline. There's a long term gap awaiting to be filled at 7400 (good entry point for short term) and btc has to touch that level no matter it goes up for short term or slide....
Volume is squeezing so short term bearish target can be around 10.4k IF MACD do cross. On the upside targets are around 10.8k and 11k. 10.5k support zone. Prices can down then get support then down and support. I'm publishing this idea just to check results later I'm not sure about price actions just testing an indicator. No financial advice