on 12-hour time frame Bitcoin is pulling back to the EMA which will be 41500-42k. also we can expect the cloud and EMA to act as supports for bitcoin. if bitcoin lose these two supports lower targets can be reached.
chart shows negative divergence in USDT.D in monthly time frame. this divergence was confirmed by breaking down the orange line. for now USDT.D is pulling back to the line. after that I expect USDT.D will decrease more.
it seems that bitcoin touched the upper bond of the Bollinger Band. in the history of 15h timeframe, whenever it touched the upper bond of the Bollinger we had a correction. wait to see what will happen.be careful about new positions!!!!!
CVCUSDT is moving in a channel. the upper bound of the channel is a strong resistance bc it covers with 0.37 resistance that makes it more valid. for now if bitcoin close 4H candle above 50K, we can think about buying new alts. so for now be careful.
OGNUSDT has broken out its bearish trendline and also the pullback has been completed. for now it is moving in a channel, if it can break out the upper bound of daily price channel, it will start a good move. possible targets are shown in the chart.
Besides analyzing the mid-term price trend, possible supports and resistances (as shown by Fibonacci levels) are presented .
The 38500k-41500k price range is a significant support zone because both EMA & Fibo levels cover each other, making it more valid. for a healthy price uptrend for bitcoin, we need a pullback to its support (in this strategy= EMA)
Technically speaking, a strategy for mid-term investment can be a combination of EMA on 4D Heiken Ashi plus the MACD indicator. This EMA has been a good support level since the COVID crash in the #BTC chart. Combining this dynamic support line with the MACD-cross signal, we can derive a reliable buy/sell signal for the mid-term. Considering the discussed...