BTC on the 4h timeframe broke down the rising wedge formation now holding at 200EMA at 23200 approx. Breaking down from this level will be considered further bearish continuation of the market.
Now looking at the daily time frame rising wedge formation which in itself is the bearish pattern. Breaking down the support trendline will trigger downside support levels to watch are 22.5k 21.7k 20.7k 19.5k respectively.
Weekly failed to break and close above the 200EMA this time though although 9 consecutive weeks had been under 200 period weekly EMA so far. Thus on the higher timeframe bears dominate suppressing the price below 25k for prolong.
Daily playing in ascending broadening wedge with losing momentum continuously in the past couple of days loosing the trendline support 105.259 will be more downside for DXY here to major support levels 94.92 to 94.25 which causes disaster in all other markets. It might be the start of the continuation of the bear market. As every other major market is approaching...
USDT.D on weekly at important support at 20MA around 5.83% level losing the support might bullish for crypto and BTC in the short - mid term.
ETH on weekly flipped the major resistance at 1425 and bounce off 200 weekly MA also MACD showing bullish cross over impending. Next potential resistance at 1984.
Market struture support at 19.4kish levels. Falling wedge on weekly. Previous weeks are bullish with solid bullish volume which signifies more buying happened at support. Btc if manages to close and hold above 200weekly MA next resistance to test is at upper trendline resistance of the falling wedge. -Key resistances to be broken 26.7 - 28.6k - 30k (major).
Weekly still under 200MA and respecting the 19k level so far. Price far away from weekly 20MA could likely test if gets weekly close above 22.5k range. 28k-30k next swing move if 200ma clears on weekly.
#BTC 1D zoomed out view - 19k acting as major support which is coming from 2017 highs. - If bounces here at 19k the next stop probably would be the 28-30k resistance region which was significant support previously now flipped into resistance. - Losing the 19-17.5k support region will trigger more downside move till 12k
BTC on the 4h timeframe forming a symmetrical triangle with a pole which is predominantly a bear flag. If breaks to the downside will significantly break the support of 19k thus further low supports are at 17k 16k 14.5k and 12k.
GMT on the 4hr timeframe broke down below the support now will try to test the lower demand zone at 0.61512.
ETH broke down the rising wedge to the downside with bearish engulfing at the resistance.
BTC on weekly approached the important level of support zone at 200MA and the 19.6k support from 2017 ATH. Every time in history BTC bounced of that level of 200MA. Just like 2020 Covid crash BTC can dip even further but it has to close above or at 200MA in order to end the bear market.
NEARUSDT on the 4h timeframe showing the bullish divergence on RSI and MACD indicator while the price is making lower low however getting above 20MA and respecting it as support we could see a short term bounce on NEAR up till 200MA at 4.656 approximate level. If the bullish divergence gets played out.
#CRVUSDT if breaks the support here ready to short. Ascending support trendline below losing it will be be bearish.
BTC breaks the bear flag and loses the support at sustaining the 30k level. Next big support for BTC is at 19.6k.
BNB broke down the support trendline of the rising wedge and might retest the golden fibonacci ratio and get rejected.
#BTC Update on 1D Time frame bearish engulfing canflle formed prior to the the current candle may show bearish pressure to test the bottom of the channel likely at 28k level approx. Also we got a red dot the oscillating indicator below and rejection at 30.4k.