the6ylal

the6ylal

This futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come... When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic. Strong...

the6ylal

It seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we...

the6ylal

Although Bitcoin does not currently bounce from the lower band of its newly formed channel, it seems that it will exhibit a steady rise towards the upper band of the channel in the short term. Although the daily and weekly stochastic relative strength index shows a negative stance, the 1-hour and 4-hour stochastic relative strength indices seem to indicate the...

the6ylal

Hidden Positive Divergence Between Price and RSI on 1H Timeframe

the6ylal

We received serious negative reactions from the contacts in the long-term falling trend. I think that we will experience a sharp decline after an accumulation phase that we will see in the symmetrical triangle, which is the result of the intersection of the currently rising channel and long-term falling trends.

the6ylal

A technically very possible bearish scenario emerges in pricing among parallel trends. Possible price expectation is around $22K.

the6ylal

We can probably try 33K down again. However, just in case, the support points where the short-term decline can return are as seen.

the6ylal

Just below us is the 100-week moving average. I expect a backlash from here. If he breaks this point, he can pin around 28.5K. I don't even want to think about below 28.5K support. The 50-month or 200-week moving average range indicates a pricing of around 18-19K. Technical support is at the same points. In the worst case scenario, we can see the range of 6.5-11K.

the6ylal

When we fall below the 20-week moving average, which is the Bollinger middle band, on the weekly timeframe, then it is an undeniable fact that we test the Bollinger lower band. When we examine the areas where the moving averages cross in the weekly timeframe, they show interesting support and resistance points in the past, which seems too strange to be a...

the6ylal

We are literally dealing with a descending triangle formation. As you know, this type of formation tends to break down and in this case where we have a downward momentum, unfortunately, it points to the Bollinger lower band in the weekly time frame as the price target.

the6ylal

The possible target of the rising wedge formation in the monthly time frame does not look encouraging at all, there is a possibility that there will be a move that will almost completely eliminate the entire annual rise.

the6ylal

I have faith that the targets of a rally, which may start when we get a possible reaction from our last support zone, will end in the second layer inside the channel.