This is a 4h chart with a good amount of time covered in a FIB retrace. We have wicked to the start, and are hanging at the 786.
BTC/USDT Daily Chart, perfect wick to 50ma. Weak MACD - but no doing to wrong too quick. If BTC really makes a mick bounce today, think Lambo season easily continues!
As I drew the FIB we are (maybe) finding support on the 314ma and 0.236 FIB level. We shall se. The 45min chart has a way of "grabbing" the short term price action of Bitcoin. Can always look at a good amount of time if you have a nice monitor and strong GPU with the 45min. 314ma isn't shown here, but is right at 0.236 FIB.
Above 200ma (white) and at previous support. The chard is very extended at this point as RSI and ADX/DI are getting stressed at the top. The 45min chart is very powerful for immediate price action for BTC. There is never a top or a bottom, as always this is a guess. But after this move up and looking at other time/candles like 4h and daily... BTC is...
The 45min chart isn't a standard for many traders but is POWERFUL. The 0.5 FIB level based on recent run is a natural bounce AND is supported by buy/sell volume on the 0.5 FIB. Worst case (and maybe better long run) a bounce between the 0.650 & 0.618 FIB. That will shake the weak hands and offer many much wow % gains on the way to new ATH.
BTC Squeeze and Volume tell a story. Sunday might offer a retrace (even if slight) for a nice Long position (or short for the soulless).
BTC/USDT on the 15min chart the 0.382 fib (as I draw it) and the 200ma are at 36,205
Like the BTC Pump, but note that BTC Volme isn't even 2 Billion last 24 hours and Shorts are slowly cranking up on 4h chart. Have a feeling this is whale play and BTC cannot "keep it up" Long. Be sure to take those profits, if in the green!
BTC Ranging 35 Days And Hugging 45 Minute 200 Moving Average
The 200 and 314 ma's didn't hold support, next FIB is 27k. Daily MACD negative... A 0.618 Bounce would be spiffy and "make sense".
Big money keeping that range to crib up on BTC. BTC is staying above 30k because retail traders ain't selling.
Might be a DOGE/USDT bounce fib level at the 0.236
As Bitcoin/market recovers - Bitcoin flowing into DOGE (BIGTIME)
Daily MACD crosses are powerful indicators for BTC. Just look at a daily chart over time, and the swings are quite powerful. Daily MACD just crossed positive AND the 200ma (white) is close to a positive cross... Lambo season when both those indicators are "GO TIME". I expect (If the positive MACD cross stays in place) BTC to move about the 200ma this week.
OK going to throw it out there... we wake up to BTC tomorrow above 38k looking at FIB area (that I am playing with) nice volume exists around 38k (above 200ma)
This is a 45min chart, and 45min is GREAT for showing Bitcoins immediate direction.
The daily MACD is heading towards a positive cross. 200ma (white) is working on positive cross above. As these two trigger each other (and with futures closing Friday) Lambo Mode is about to activate. Not financial advice - but it's what I am think'in.