gbdadxe1d2c5b3c6c04ac1

gbdadxe1d2c5b3c6c04ac1

i see a divergence between rsi in weekly and 4 hs charts (not yet in daily) thinking in BTC cycles, we need 6300 to get block 770000 (70k before halving). in the past, that was an area with less bear feeling ... and a bit better than the winter... it is just an exercise, not advice, but be ready for some better news in 2 months

gbdadxe1d2c5b3c6c04ac1

hch, posible target 1200. but... some bullish divergence in rsi could show a recovery in short.

gbdadxe1d2c5b3c6c04ac1

this is just an idea, not financial advice in my opinion, we haven't seen the bottom yet

gbdadxe1d2c5b3c6c04ac1

the first support in 17800, it is good to buy in my opinion, but if we go down we can touch 11000 and then recover, or go down till 9800, the channel looks bullish in long time trend. rsi in the oversold zone...

gbdadxe1d2c5b3c6c04ac1

still bearish in the same descendent chanel . next movement to 11222 or 9800

gbdadxe1d2c5b3c6c04ac1

still inside the bear channel BTC should cross 24500 resistance to face a bull trend if we stay in this channel, the bottom could be near the halving levels in 2020 it is just my opinion

gbdadxe1d2c5b3c6c04ac1 Updated 

we have reach 78% fib retracement today... still bearish looking down to 9000 to complete the Fibo this head and shoulders looks like a camel

gbdadxe1d2c5b3c6c04ac1

weekly chart with head and shoulder pattern. target near 1000.

gbdadxe1d2c5b3c6c04ac1

possible inside this btc halving cycle in log charts looks like a head and shoulders , or triple top. the bottom could be near 13-14k

gbdadxe1d2c5b3c6c04ac1

again Wyckoff , in last phase, fibo retracement with possible support in 22000

gbdadxe1d2c5b3c6c04ac1

btc usd in daily chart wycoff pattern in last phases. according 4 hs chart (symetric triangle near to finish, target 24k), next target near 22300.

gbdadxe1d2c5b3c6c04ac1

symetric triangle in 4h chart, bearish pattern. target near 24k in short

gbdadxe1d2c5b3c6c04ac1

the horizontal line is a bit arbitrary, I've taken the level 50% Fib retracement. the head and shoulders could take us below the prices we have seen last 2 years

gbdadxe1d2c5b3c6c04ac1

in my opinion there is a hch in this chart. rsi also is bearish.

gbdadxe1d2c5b3c6c04ac1

feeling bearish comparing the previous cycle with this... we are in a long trend bull but a middle term bearish market(in my opinion in short too) rsi support my feeling(divergence)

gbdadxe1d2c5b3c6c04ac1

eth/usdt daily chart with a rsi divergence since january 8th 2022 at least in my opinion , it is bearish in medium and long term