Hello dear traders.
As you know, there is a sign💡 for everything in this world.
For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear.
In the world of cryptocurrencies, there is a sign for everything, too👌🏻. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones.
As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame.
First, let's follow the ➕Positive➕ signs together.
➕In the chart, it is clear that the downward trend line has been broken.
➕As mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame.
➕If the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin.
Now it's time to check the dramatic and ➖Negative➖ scenarios:
➖Losing the ⚫️Uptrend line(Monthly Time Frame)⚫️ is one of the negative signs for young Bitcoin.
➖Bitcoin is approaching its 🔴heavy resistance zone($)🔴, which can be a bad sign.
➖Bitcoin is also moving near the 🟣yearly pivot point($26,743.45)🟣.
➖And the last sign is that, as you can see in the chart, there is a 🔵divergence between price and volume🔵.
Another point that Bitcoin can grow up or return to the 🟢heavy support zone($19,950-$17,530)🟢 is the presence of the CME gaps on the chart.
If the weekly candle closes above the 🔴resistance zone($25,290-$24,370)🔴 (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365).
If the weekly candle closes below the 🔴resistance zone($25,290-$24,370)🔴 , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330).
Considering all these signs I have found, I would also like to know your ideas.😊
How many of these signs did you come across❗️❓
Or according to what kind of signs do you check Bitcoin movements❗️❓
Also, if you have any questions, ask me in the comments.💬❤️
As you know, there is a sign💡 for everything in this world.
For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear.
In the world of cryptocurrencies, there is a sign for everything, too👌🏻. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones.
As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame.
First, let's follow the ➕Positive➕ signs together.
➕In the chart, it is clear that the downward trend line has been broken.
➕As mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame.
➕If the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin.
Now it's time to check the dramatic and ➖Negative➖ scenarios:
➖Losing the ⚫️Uptrend line(Monthly Time Frame)⚫️ is one of the negative signs for young Bitcoin.
➖Bitcoin is approaching its 🔴heavy resistance zone($)🔴, which can be a bad sign.
➖Bitcoin is also moving near the 🟣yearly pivot point($26,743.45)🟣.
➖And the last sign is that, as you can see in the chart, there is a 🔵divergence between price and volume🔵.
Another point that Bitcoin can grow up or return to the 🟢heavy support zone($19,950-$17,530)🟢 is the presence of the CME gaps on the chart.
If the weekly candle closes above the 🔴resistance zone($25,290-$24,370)🔴 (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365).
If the weekly candle closes below the 🔴resistance zone($25,290-$24,370)🔴 , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330).
Considering all these signs I have found, I would also like to know your ideas.😊
How many of these signs did you come across❗️❓
Or according to what kind of signs do you check Bitcoin movements❗️❓
Also, if you have any questions, ask me in the comments.💬❤️
Comment:
Agree with me; which scenario will be happen❓
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