BTCUSDT is testing the ascending channel resistance + fibonacci extension level ( 1.0 ).
The market is also testing the 14K historic resistance.
RSI is printing a bearish divergence signal on a daily timeframe .
Could we see further upside ⬆️ or a correction to the ascending channel support ⬇️.
Share your thoughts please.
BTCUSDT tested the ascending channel resistance as expected from my previous analysis. The market is printing the head and shoulders reversal pattern. Breakdown below the neckline support could be a bearish signal ⬇️. RSI is also printing a bearish divergence signal 🔽.
LTCUSDT brokeout below the trendline support as expected from my previous analysis . The market is printing the double top reversal pattern. Breakout below the neckline support could be a bearish signal ⬇️ ( retest of flip support + fibonacci retracement levels). RSI is also printing a bearish divergence signal 🔽.
ETHUSDT is dipping as expected from my previous analysis. Potential retest of fibonacci retracement levels + flip support. Confirmed bounce off the support will be a bullish signal ⬆️. RSI bounce could be a bullish confirmation 🔼.
BTCUSDT is printing a rising flag pattern. RSI is printing a bearish divergence signal. Breakout below the flag support could be a bearish signal ⬇️. Potential retest of trendline support.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (12.68). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BAND/TetherUS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
We now have Bitcoin (BTCUSD) fully retracing with a full bearish candle close below EMA10, signaling that prices can easily continue lower... But, what happens to the altcoins?
In our view, we have mainly three markets when it comes to Altcoins vs Bitcoin.
First (1), we have Bitcoin vs the Dollar (BTCUSD).
Second (2), we have the Top10 Altcoins (ETH, XRP,...
