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taking the moving averages into the account
we HAD our weekly close below 200 weekly ema (PINK line near 4200 ) on the very FIRST test almost after 3 years, so yes this shows too much weakness and its too much bearish thing BUT its hard for me to believe that BTC will bottom out at 200 ema line because this 200ema line consists much more data of the...
BTC is tightening in a range again
firstly speaking, we do have some hefty bullish div on large timeframes like 4h , 12h shows bears are losing the momentum they had but the thinning volume aint a good sign
the more sideways here at the support the more worse for BULLS
BULLS need to break the resistance with volume and atleast need to give 4H close and...
finally the btc chosen its direction , the reasons are below
1. we closed the monthly candle below the 20MA line(blue) which happened last in 2014 , we retested it near 6600 to confirmed it as resistance and broke below
2.we had a death cross of 21ema(orange) with 55ema line (yellow) , last time happened in 2014 , we...
theres been a lot going on about this coin recently
well coming to technicals
1. we have created a big bullish crab pattern on 4H (green harmonic) target near 510ish
2. we have created a nice deep bullish crab pattern (blue harmonic) target near 540 ish
3. we are at a major support too of 500 level (the green BOX )
4. we are at the 55 exponential on daily...
Important levels are marked in blue horizontal lines
we are so tight ranged right now , bulls are holding the 6050-6200 area strongly and BEARS are holding the 6500-6800 area strongly , volume is getting thin and thin which is not a good sign though , we will have a volume spike within few the days and move can be either side
1. A daily close above the 21ema...
After Constantly getting rejected by the Ema 21 line (orange) , finally the move happened into the market
we are just touching the descending resistance (white line) , with a ema55(yellow line) resistance hovering at the top of it is actually a strong resistance ,, the volume is very low clearly shows big peoples yet not interested to take a action