A new strategy that I have developed. Only enter when EMA crosses one of the longer term EMA's + a bullish cross is forming on the MACD. Ideally, you should wait for ema 8 to cross both ema 21 and 34 with a bullish cross formed/forming on MACD. Use alongside normal Support and Resistance for SL and TP levels. If used on crypto I mainly suggest just BTC as alt...
Formed a pennant, this is a typical continuation pattern. As we are in a downtrend we could see a further continuation of the downtrend to support around $29,000.
Buyer volume looks weak trading below resistance as highlighted. The seller waves look greater than the buyers in comparison and the price is now trading below the 21 moving average which is bearish...
I did't expect BTC at 20k$, But, yes, we can reach this lvl.
We're in Bull, not Bear Market, and I Think BTC start his growth at the begining of Summer 2021, after small consolidation.
What's your Price prediction and View into this?
i can see btc forming a nice double bottom at 36k. then breaking out of the current descending channel that we are currently in. if we loose 36k i think it will then drop to 28k again and fill in the wick. then back up from there.