At 169.9 , 3rd highest in BTC history. 170.8 and 188 being highest of all time.Bearish Div continuing on daily chart. LMACD possibly looking to turn over.and Tapping 1.618 and testing the .618fib level. 49840$ a serious level to consider shorts and was $53 away from upper target hitting. a possibility i"m thinking of with NVT interest so High is 52796$ to the .786...
3 day NVT at 3rd Highest of all time. Pull backs will happen especially after NVT tops, BTC price is almost to my upper target of 49840$ imo, BTC should pullback to the NVT 100 ish level before another huge pump. Upper targets are now in play, NVT should drop as BTC price rises, however i am expecting a pretty serious pullback before price continues up. good luck...
we are obviously up against 26EMA resistance, this chart clearly shows where we are in the Bitcoin cycle. be prepared for it to play out exactly as it has in the past. this should be a roadmap of what can be expected should Bitcoin act exactly as it has in the past, and i get more and more confident this scenario plays to a T as the days go on, i say slow grind...
Another Useful tool in determining short term to mid term targets, and i have been waiting for the 4 hour short after 21 EMA rejection on the weekly and as i stated in My EMA 21 chart i was waiting for conformation once BTC rejected ( HARD) of of the 21 EMA. after being range bound the last 7 days. I'll see you all at 25 k #BTC i am short. good luck traders.
this looks like a great spot to get out of #BTC positions for a short down to 19k, i expect sideways chop for the rest of the week and some volatility after that to the downside. with two weeks of Bearishness before recovering to test the 21 again. i"ll be exiting BTC positions on green candles over the next week. Good luck traders.
could play out just like this bottoming in July 2022, either that or BTC pulls what AXS just did and blows peeps minds.
Volume on 3 day should indicate Bearish Or Bullish ( red or Green ) i like the three day for this indicator and as time passes higher time fframes, when BTC consolidates like this i have to believe we are still in a Bull Market and this was one of a few large corrections to come. so a Full time Bear has gone Bullish, just to be honest, it could also be time to sell.
Would i be out of my mind to say NVT has hit the top of a channel and will now revisit the bottom of an older channel i had laid out. and Though Stochastic slow may hit this upper channel again with a slight rise in price , i think it's more likely #BTC revisits the 32.5K mark again so whales can load up.
I'm slightly Bullish here let see how the 3 day and weekly play out if this comes back within (retracts) range i'll be little more Bearish short term> but this looks good for maintaining longs from 32000$BTC. the channel being broken upside means nothing unless it maintains upside momentum. good luck.
a break of this channel will show a clear direction. i say up. good luck
this could very well play out, i expect 49k soon and then a dip to the 24.5 k mark. NFA Long for the Short squeeze . NFA. Good luck.
i like this chart more and more. short AF anywhere from 42 -45K good luck
if you know one thing about Bitcoin, you know that history repeats itself. I'm not saying this is going to happen, but if it did it would look something like this. and i am shorting another strike of 50K. and will not short until then. this chart is just something to think about. good luck, if this happens you will need it
this area looks very similar to that of the dates circled in red, 25 Sept 19 through 27 Oct 19, would be interesting to see if it plays out similarly. just an FYI
BTC goes Up from here, did a dark theme to please the masses. MOON time, Slow Stochastic doesn't show more of a bottom than this.
56.1 has been tagged. this is the bottom of a channel that i have followed since 2017. if it breaks this channel and retracts back into it we go up from here, a break of this channel and retest and Bitcoin goes down. way down, easily another 10 k from here. very concerned here and this line must hold. good luck everyone stay safe set stops.