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We have had a very dramatic month in Bitcoin and crypto. The FTX problem sent crypto into a bearish trend, but now I am expecting a bullish move upwards. In fact, it is entirely possible that we will have a rally. On the weekly chart you can see my reasons for this expectations: 1. We have a bullish divergence on the weekly chart. Since this is weekly, it is...

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The last fall to the current level was a very dramatic result of the FTX scandal and related events. Right now, Bitcoin is consolidating after a very sharp fall. You can see that it is necessary since it punched through the BB and had a big bounce. What I see right now is that Bitcoin is failing to break out of a descending triangle. The RSI shows a bearish...

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We've had a very nice week going up. The oscillator is not keeping up with the price though, which could suggest a move down.

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The eyes say it all. We'll probably go up from here.

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We have maintained the current trend since mid July. As it seems right now, BTC can only dump until 23,500. If it does indeed go lower than this, then we will have abandoned the current trend and might dump much more before get back up again. Whether we stay above or below this line is what matters right now.