Hey Guys,
BTC price has fallen around 15% over the last 48 hours reaching the 9900k area, both crypto and traditional market have seen a change in trend.
For btc the macro its still bullish, we just hit the weekly 21 ema and as long the price holds above btc its still fine
On the short term for the bullish side, the resistance at 10.2 area is holding the price...
Hey Guys,
Bitcoin looks wants to retest lower level, 4 hr candle closed with good volume, the closure below the 11.6k area has invalidated the rising channel btc was in.
Indicator such as stochastic and jewel are starting to all point down aggressively, volatility its starting to expand and the only positive indication comes from the CMF that is still above the...
Hey guys,
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Hey Guys,
Following up on yesterday analysis.
Bulls failed to close a 12 hr candle above 12k and as a consequence we had a false breakout of the upward channel so a retest of 11.6k (green box) its very likely
In my opinion we are currently in a ABC correction that should lead to a wave 5 in to the 12.5k area.
As for now the price action seems to me more...
Hey guys,
Short term it looks btc is forming the 3rd wave, also the jewel is signaling to hold your longs but i would take it carefully on that particular area.
Testing the 11.6k area would not be that bad as long it closes a 4hr candle above the lower band of the channel, closing below will invalidate the analysis and a possible sideway/trend change, I will...
Hey guys,
It is likely that bitcoin retest 12.5k area if a 12hr candle closes above 12k in my opinion.
It is possible also a retest of lower level between 11.8k and 11.6k before breaking up from the current ascending triangle.
Hope it helps
