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...
I have posted a chart on Aug 10 and said about the negative divergence in bitcoin chart. the trend line broke and the negative divergence confirmed so the price decreased. for now bitcoin is pulling back to the trend line. for the next hours we will see if it is just a pull back and the price will decrease more after pull back has completed or the bitcoin price...
every time by bitcoin correction altcoins do the same behavior. in the chart possible targets for TRIASBTC are shown by Fibonacci levels. in technical analysis we can say if a Fibo level and a support or resistance cover each other, make that support or resistance a strong one.