bidmkrDev

bidmkrDev

We are in a perfect trend channel at lower support which aligns with the weekly 100 SMA. If this level holds BTC is in great shape. If it breaks we are probably not going to see these levels again before 2024. This is not financial advice. Just thoughts

bidmkrDev

The current market structure shows strong similarities to the 2014 top and subsequent bear market. Especially the 100 weekly SMA lines up perfectly. If it breaks the 100 weekly SMA (weekly close below), chances are that we will follow a similar trajectory like 2014 which means: - strong sell of following the break of the SMA - potentially wick down to previous...

bidmkrDev

Pullback possible at this exact fib level

bidmkrDev

Does this have potential to estimate the next peak? What do you think?

bidmkrDev

I think we bottomed out. MACD daily is about to cross and RSI has much room for buying. Shorts provide fuel. On the smaller timeframe BTC also broke out of two downwards channels. All looks good to me!

bidmkrDev Updated 

we were bouncing off several times from the bottom of the long term triangle. i expect btc short term to go back to 7600. i think a breakout at the top is well possible given the momentum of the last days

bidmkrDev

if we break below neckline