If BTC price action kept the sideways price action on the current level we might get and breakout to the upside. it seems that bulls are consolidating, and bears are getting weaker, thus we might get a break out in the upcoming days, MACD is showing that bearish price action is getting weaker.
And as mentioned in a previous idea that EMA ribbon is so close from...
yesterday saw some bullish action on gold price, after a couple of rejections and sideways price action, now gold is trading above 2k$. we got two candle closing above 2k$ and this might confirm the possibility of truing the long time resistance into support, to completely confirm this theory the price action must retest this level and bounce back. MACD is showing...
as of 2/5/2023, btc failed to break above 30k$, price action tested these levels multiple times, but bulls are not strong enough to break above, and they proved to hold support at near 27k$, the way i see this going is side ways price action until the RSI recovers completely from the oversold territory, although MACD is showing weakness in bullish momentum, so the...
the EMA ribbon has always proved to be one of the most efficient indicators to predict whenever the price action is bullish or bearish, taking a look on the weekly BTC chart, the EMA ribbon is about to flip bullish, after more than a year of being bearish, which had the price action moving down to 17k$.
right now the EMA ribbon is close from flipping another...
the last couple of weeks we saw the DXY weakens, which led to bullish market movements especially crypto markets, closing under 101 support level will continue to weaken the DXY and may bring relief to the markets, RSI is approaching oversold territory which may show some bullish momentum in the immediate short term. The FED meeting next week will be crucial for...
btc price action is still struggling to break above 30k$, looking at MACD we are almost out of bullish momentum. over all on the immediate short term we may still see sideways price action till the bulls gain momentum.
-not financial advise-
