Supported a by 4 hourly demand zone from 202-245
SL below 185
ideas is reclaim of pivot point and moon to r1 at 518.
Hidden bull div spotted with higher lows and lower decreasing volume, which implies decreasing selling activities.
based on my crystal ball, my meme lines tell me that we will see a top of 55 dollars before we crash to 5 dollars.
Therefore, you must all in your life savings in the 4th industrial revolution with the best digital asset ever created.
It's a very simple game now. Demand zone at 64k-70k. If it doesn't hold we are going to see 38k again. If it holds and consolidates nicely we get to test 94k ish. Pray for chainlink.
LINK MARINES RISE UP
If we hold above the parabolic trend line, you know where we are going ;)
Chainlink, however, faces tough resistance, from here to 94-104keks where we will need sustained knocks at the supply zone. If successful, new ATHs will be in sight. If however, we do not hold and consolidate nicely above the previous supply zone at 70keks, then it could be start of a lower...
Btc Dominance at 200 day ma support on the daily, we should be due for a bounce here.
It could form the right shoulder for the H&S to set it up for a downside movement, or it can form a higher high and continue the uptrend.
So what is happening with bitcoin?
As long as the 20day ma is still holding without a solid candle close below, the uptrend is still valid. But as we can see, the price is being sandwiched in a very tight zone between the 8day ma and the 20day ma suggesting a violent break to either side. Bitcoin faces tough resistance above 38k. Closest supports are 28k and...