Technicals added to some recovery in the overall economy - laxing protocols with COVID and back to normal MONKAS
Just backtested and might need to wait a bit for top 2 coins to drop
There goes the neighborhood
Decent entry point for WORK - Golden retrace zone for potential targets.
Something is brewing for BTC on the daily..
Bullish divergence with a price prediction top of $13.6
Bullish divergence on the oscillators
Here I post the potential price actions based on breaking out of current channel. Listed with Fib retracement and each price action potential represented by blue rectangles adjacent to fib plot. Let me know what you all think! Eager to see where all this talk from a political standpoint goes with the cryptospace. Y'all stay frosty.
BTC at the 4hr looks like its forming a downward channel. I captured two price action locations (Depending on if BTC decides to continue or break out of channel). You have a downward trend in RSI as well. 8.5k if continues OR 10.8k if breaks out. New to TA....Stay frosty out there.
Simple approach from a ascending wedge @ 4hr. Curious to see if it plays out --> Bearish trends will follow. TA noob.
Ascending triangle on the 4hr, we shall see! Would like to hear feedback!
$12455 is a big indicator right now for resistance. Expect serious price action by end of weekend with two bearish flags and current ascending wedge. (New to TA).
Here are some resistance/support levels based on 52+ week highs and seeing where the current run is going. Grey line is where btc would need to close on the daily (above). Dashed green line at 14k is minimal (easy potential). Support levels highlighted as red lines. Solid green line at top (17k) based on previous levels... Probability, who knows what will happen....
Here is BTC at 4hr interval with an ascending wedge forming. Hit resistance 4+ times. Green line is area of breakout potential, red line is re-tracement levels. RSI is due to correct, MACD is also leaning toward a bearish trend. Also, overall volume as dropped in the last 48hrs. Curious what you all think! I have no idea what is going to happen..
Simple TA showing BTC projections via monthly timescale. I concluded roughly anywhere around 7570~ will be the deciding factor for the next push (or mini bull). First TA chart.