alexdageek1

alexdageek1 Updated 

Before on the 2hr chart btc was an up trend, this the 1hr chart but my point is, on the 2hr chart there was bearish divergence on the 2hr chart. On this 1hr chart i spotted bearish divergence. I would not be as bullish because of the bearish divergence on 1 hr chart. I dont have targets or anything. It's just my opinion, nothing else.

alexdageek1

Here are your resistance lines for btc and indicators. Bearish scenario: On 4hr chart, we have a red dot on market cipher, money flow and RSI is overbought. Bullish scenario: the resistance lines breaks, its currently getting squeezed in the bollinger bands. Yellow line on bollinger bands: 0.5 fibb level, redline is the 0.618 fibb level.

alexdageek1

Pay attention to the list of levels on the bollinger bands, Fibonacci levels and lines of resistance. These are the important levels to watch.

alexdageek1

I will give you the bullish side and the bearish side. I have the Fibonacci retracement setup, so you can see resistance. So ok, on the weekly chart it looks bullish. But on the 4hr chart i found bearish divergence. Make your own decision, i will just read you the chart.

alexdageek1

There is some bearish divergence on the 2hr chart, using the Fibonacci retracement if we were to go higher 46k would be next resistance level. Though if 46k breaks could go higher. 46k will act as resistance. Just keep an eye on resistance.

alexdageek1

Price is going up but momentum and MFI is coming down, also overbought. Is it time to short ? Not financial advise

alexdageek1

Hello I am using 3 indicators to study the tops and bottoms and where the volatility changed for bitcoin in the last couple of days. This is just a study for the 3 indicators. Using market Cipher, macd, volume oscillator, RSI with money flow.

alexdageek1

In one of my previous charts, I did not give out much detail. In order for bitcoin to reach an all time high, bitcoin needs to show strength and speed. The problem that I have is that, in order for me to stay bullish bitcoin should be above 52k before the end of February or before March 1. I drew a vertical line where March 1 is. I would like for bitcoin to get...

alexdageek1

There is bearish divergence on the 4hr chart. Could it be possible we come down in the short term? Possibly. By means no certainty. Just based on probability.

alexdageek1

52k will be bitcoin major decision. If goes above 52k and claims it as support. We can expect a bull run to continue. However if not then down trend is expected. There is bearish divergence on the weekly and the monthly. But I am the kind of person who will tell you anything is possible.

alexdageek1

All of a sudden we are bullish. huh... Ok let's watch support and resistance

alexdageek1

In the last post I mentioned in my personal opinion that bitcoin looked like there was some signs of weakness. Also bitcoin broke its september low of 39.6k. Now the question is are we in a bear market now? The fact that btc broke its main support of 39.6k is a big indicator that could mean bitcoin could enter a bear market. However we cannot rule out the fact...

alexdageek1

Disclaimer: Im going to give you my opinion and I want you guys to make your own analysis. Anything I say can be proven wrong. Guys im looking at the indicators and where bitcoin is at right now. The stoch RSI, does not look as bullish as it looked like when bitcoin pumped from 29k. The MacD is showing a bullish cross, however the pump has not been shown to be...

alexdageek1

There is still some hope for the bulls. As long as btc can remain above 41k, there is still hope for the bulls. However, if we go below 40k, this could be a confirmation of a bear market. Also one thing that I did like is that the weekly RSI reached the bottom of bitcoin RSI when bitcoin was at 29k.

alexdageek1

I made an update on this chart, because i realized a triangle is forming. A big move is coming in a couple of days, i cannot say if its to the upside or to the downside. We will have to wait and see.

alexdageek1

Could bitcoin be following same pattern like last time? There is no saying that it will repeat. However I am watching for these important levels of support and resistance. We could be an a accumulation phase.

alexdageek1

Solana could be in a cool down before a pump. Possibly a double bottom forms before it pumps. MacD needs to cool down before deciding to pump. Bollinger bands is forming a squeeze that usually means a big move is coming.

alexdageek1

Kadena is in a symmetrical triangle, wait for breakout. Price target would just depend on bitcoin.