As ethereum is testing its support region that is 0.03-0.031 btc multiple times that shows it would be a positive breakout which leads eth to fly near at 0.5 and 0.382 fibonacci. But 0.382 will be a big deal as its having a big resistance there.
The BB bands are converging that again indicating, breakout will happen soon.
Ethereum is on the support and After H&S pattern its continue its downtrend,
The 272 days trendline support is broken now & further bearish moment spotted,
If the Daily candle closed below the support at $415 you can see a decline of next 13% that is at $360
most importantly if eth goes down, It followed by alts,
Btc dominance reached 48.4% soon crosses...
Fundamental View:
So everyone are eagerly waiting for 10th august, people seems to bullish on after etf approval.
Yes after approving ETF btc price gonna sky rocket.But if not, than you see the same pattern will follow
& still it have more chances to follow the same pattern because it still unclear bitcoin ETF will hear on exact 10th august.
On July 2nd SEC...
Expecting the same movement as done before 2 times in 48 hours gapb before two big green candles.
Downtrend wedge has broken in 3rd attempt and now its heading forward, but the rsi is still overbrought region in 4hr chart so, it takes a heel as i mentioned.
i am expecting sideways for more than 24 hours from now, than again we will see a big green candle that...
Btc is just in vacations nowadays, flirting supports and resistance multiple times.
Now look at RSI, its closing above downtrend line, after confirmation, it goona rally upto 7k, but remember 7k is real deal, below this we still in bear market
RSI is currently 40 it can go upto 45 on 1 day chart
Its holdes the support At $7500 what i told in previous analysis -
Btc is gaining bit by bit and in outlook it is bullish for me
The support is likely to change at, it is now at $7600
If the rsi and candle patterns work together it likely to push back from $7600 to gain back 50% retracement
We need to close above $8000 , to bring back the bulls back in the market
as btc is still in rising channel, it gets support at $7500 it likely to pull back from this region
Trend Reversal on 6th day of month...seeming interesting if it is just coincidence
Different people have different thinking and they totally rely upon TA, but we have to look other parameters also,
People who are saying BTC might touch $3.5 k or something near to it, this cant be possible even in dreams, if this gonna happen then btc gonna loose his hodlers and...
Forming Descending triangles, its looking bearish in outlook
Rsi supporting at oversold region it can again bounce back touching near 80000 sats
Its overall looking bearish pattern and can dump below support
But looking at Fundamental analysis Its going to launch mainnet on 31st june, so people gonna support it,
For further movement it can go out from...
Btc needs to be out from this triangular wedge to further movements, right now its unpredictable
If trendline holds than it gonna pull back, but it still need to break the upper trendline to moon, it can again pull back again in triangular wedge,
but if it breaks below 7k we are going down to test 5.5k again
Looking like pull back from here but it still a trap ,it soon gonna touch the down trend line that is at $7000
look at Rsi is still have to touch the oversold region before the bounce back as same as the region inclining in spotted areas
Breakout that strengthen or paralyze the motivation towards crypto, the uptrend wedge should hold on to make it to touch the sky
bullish tk cross formation, that must be the key
btc is again resisting near $8800 and forming rising wedge
