Weekly close is important but already has bearish divergences like other markets.
USD pair seems like it needs one more step down before a long period of real bull market.
I think DXY will push all markets down in the very close future.
As can be seen on date comparison between Bitcoin and DXY index, when markets need US Dollar liquidity, Bitcoin is one of the favorite assets to sell just like March 2020 crash.
Hence, it is better to check DXY to observe power of US Dollar to be able to forecast Bitcoin price.
When we check old dated highs and dips of Bitcoin price it has an inverse...
It seems like there will be the last depression with altmarket and maybe including dump of BTC. When it is at top we need to collect shitcoins as much as we can to retire early. just stay safe during this period and get ready to super bull run till 2023.
1- Dump of both BTC and alts.
2- Accumulation of BTC and mini altseason to gain more BTC.
3- New money flow...
Just an assumption for previous and uncharted bars but fibo levels are very appropriate to S/R levels on chart. By considering below given expectaion of ETHUSD for short term i am bearish to collect more ETH for the future.
This bullish divergence and extra volume convince me about lines.
Just an idea not financial advice and please do not forget to use tight...