Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely...
Evident 48K is very strong resistance where we have whales colluding shorting the asset
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing...
If we assume the whole move up was an impulsive 5 wave structure; the dominance is now currently under the .236 Fibonacci level and the .382 may be next. I have (roughly) taken the height of the bearish descending triangle that broke down and cloned it for a breakdown target. This would also line up with the .382 level.
Here I am using the weekly candles. Although...
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I will begin BTCUSD Bybit Chart Analysis for December 30th
This is 30m candle chart for last Friday.
It was following route B.
However, quite different from the entry timing, it bounced off from the point where...
Monfex is at your service and today we overview WAVES/BTC .
WAVES one of the losers these days, but we remember that marketmakers stand by this coin and at this chart we see the descending channel and the price is going to the bottom line. Also we see it's a bullish divergence by RSI and we can suppose that near the previous low will be rebound...