Jul 25th
Weekly
Price to reach 24k if it breaks the 200MA resistance.
If we go down around 20k would be a support.
1D
If we don't hold the 20K support Bear Flag - Bears continue. Brake under 20K.
Posible stop at 17.5k or 16.5k
12H
15MA and 50MA is green (looks bullish).
Price broke under 15MA but the line is still green.
50MA is sloping up (looks bullish).
Confluence level - 100MA and 15MA currently at around $22.3k
(Looks bearish big candle broke under).
8H
15MA and 50MA is green (looks bullish).
Strong break under 15MA but the line is still green.
For the moment it is still green and bullish, if it changes color to red most likely the price will change direction as well.
50MA is sloping up (looks bullish).
If price breaks under 50MA or if both 15MA and 50MA turn red this is a bearish sign.
Retesting the 50MA is possible.
50MA on the 8H is corresponding to the 100MA on the 4H (possible strong support).
3H
15MA and 50MA are red and sloping down (bearish).
Price is testing the 100MA and forming a multi long wick candles.
( Posible support, bulls are pushing up).
Breaking the support may lead us to the 200 MA bellow.
Falling Wedge (bullish variant) break out can take us to 24k+ which matches the prediction on the weekly.
Retest would be around 22.3k which matches the 12H confluence I mentioned above.
Also currently this is corresponding to the 15MA on that level.
If price breaks under refer to the image for posible support lines.
1H
Support 25.5k
15MA and 50MA are bearish but could be temporary bottom.
The big picture:
Bull prediction
24K
Bear prediction
First 20K later 17.5 - 16.5k
My personal stance is more bullish for the very short term, otherwise I`m still bearish.
Weekly
Price to reach 24k if it breaks the 200MA resistance.
If we go down around 20k would be a support.
1D
If we don't hold the 20K support Bear Flag - Bears continue. Brake under 20K.
Posible stop at 17.5k or 16.5k
12H
15MA and 50MA is green (looks bullish).
Price broke under 15MA but the line is still green.
50MA is sloping up (looks bullish).
Confluence level - 100MA and 15MA currently at around $22.3k
(Looks bearish big candle broke under).
8H
15MA and 50MA is green (looks bullish).
Strong break under 15MA but the line is still green.
For the moment it is still green and bullish, if it changes color to red most likely the price will change direction as well.
50MA is sloping up (looks bullish).
If price breaks under 50MA or if both 15MA and 50MA turn red this is a bearish sign.
Retesting the 50MA is possible.
50MA on the 8H is corresponding to the 100MA on the 4H (possible strong support).
3H
15MA and 50MA are red and sloping down (bearish).
Price is testing the 100MA and forming a multi long wick candles.
( Posible support, bulls are pushing up).
Breaking the support may lead us to the 200 MA bellow.
Falling Wedge (bullish variant) break out can take us to 24k+ which matches the prediction on the weekly.
Retest would be around 22.3k which matches the 12H confluence I mentioned above.
Also currently this is corresponding to the 15MA on that level.
If price breaks under refer to the image for posible support lines.
1H
Support 25.5k
15MA and 50MA are bearish but could be temporary bottom.
The big picture:
Bull prediction
24K
Bear prediction
First 20K later 17.5 - 16.5k
My personal stance is more bullish for the very short term, otherwise I`m still bearish.