RSI still showing a negative divergence. Resistance at £30,000 is also in line with the 200 EMA on the 4HR. This could be the level where longs get trapped, be careful. IMO this is a dead cat bounce as we go much lower once £30,000 is rejected. Short at £30k.
H&S are always good, right ?? Save yourself, every man for himself if this plays out below the neckline.....
Bearish divergence, watch as the RSI touches the downtrending line, break above bullish...if hits and rejects, going much lower
Following previous 4-yearly cycles, it seems this is around the last time to stock up on BTC before the rise & fall back to same price as now.
Nice pump over the last couple of days, which provided a big leg up from previous sideways movement at just under $60k. Does that previous consolidation demonstrate the market is slightly more considered and patient during this bull run? I anticipate another period of consolidation between $62.5 and $64.5 before the next leg up to around the $70k mark....
I believe we are currently in a brief reconciliation period for BTC, for which I am taking a very small short position, but overall outlook remains highly bullish. I anticpate a bounce around the key support level of £40k ($55.5k USD). Upward trajectory will be defined by the upcoming waves in the next day or two. I'd forecast the next pump to take us to around...
Looks like a perfect bearish rising wedge... basing on pattern trends, that would suggest a bearish run is incoming. Simple mind, simple analysis, simple idea. Who knows really what’s next for us, welcome to crypto 😂
The H&S is also within an uptrend, and is bouncing inside a symmetrical triangle. Despite the downtrend these last few days, I would suggest the start of a reversal and trend change is on its way. Before we see this however, I will further add that we will most likely see a test of a primary level first before we see a spring that signifies a trend reversal and...
Hi all. I'm a new recruit here, only getting on the BTC bandwagon a few weeks ago. This is my first published chart... too many lines??? Onto the analysis, from my perspective it appears the bottom of this 3rd consolidation has been reached, and waves seen over the last few days point towards direction of travel for the next pump. Target estimated around the £48k...
Considering BTC smashed through the previous support level of 38.5k, a 1 month view of BTC movement & a fib retrace would suggest next level of support (61% on fib) is 36k.... lets see what happens! Certainly still stand my previous post about expecting a very bumpy ride this week, hopefully as we edge into April, the bull volumes start to take over. Let me know...
Here's me using the simple EMA analysis. When a short range EMA crosses above a longer range EMA, that would usually mean an uptrend is on the way.. vice versa when the short range EMA crosses below the long range EMA, we have a downtrend. Those can be used as buy/sell signals. Just a reminder that my analysis is using 15 minute candlesticks... the story remains...