You should predict bitcoin trend for understanding market at all.
Actually, publish any idea for myself. TradingView is my own trading dairy.
You can read or not. It's your decition. I'm not financial advisor.
So let's start.
1D chart:
RSI - downtrand was broken.
MACD gaistogram become bullish. MACD still not crossed.
Bitcoin under 200MA. It's means market is bearish.
Bitcoin stiil in local downtrend.
We will take a look which pattern Bitcoin choose symmetrical triangle or werge in next few week.
1W chart:
As you can see Bitcoin reached .618 Fib. retracement. This good level to start V wave, according Elliot Wave's analise
Falling werge pattern was triggered, target is ~15K $. It will be cancelled if price reached 6300$
Very important to cross 52MA (RED line = 7527.41$)
1Mo chart:
We have great support as 12EMA (BLUE line = 7305.99$)
Conclusion:
I have more bullish tune that bearish. I will change my mind if symmetrical triangle will brake out downside or werge pattern abolished.
Your opinion important for me.
Actually, publish any idea for myself. TradingView is my own trading dairy.
You can read or not. It's your decition. I'm not financial advisor.
So let's start.
1D chart:
RSI - downtrand was broken.
MACD gaistogram become bullish. MACD still not crossed.
Bitcoin under 200MA. It's means market is bearish.
Bitcoin stiil in local downtrend.
We will take a look which pattern Bitcoin choose symmetrical triangle or werge in next few week.
1W chart:
As you can see Bitcoin reached .618 Fib. retracement. This good level to start V wave, according Elliot Wave's analise
Falling werge pattern was triggered, target is ~15K $. It will be cancelled if price reached 6300$
Very important to cross 52MA (RED line = 7527.41$)
1Mo chart:
We have great support as 12EMA (BLUE line = 7305.99$)
Conclusion:
I have more bullish tune that bearish. I will change my mind if symmetrical triangle will brake out downside or werge pattern abolished.
Your opinion important for me.
Note
Uptrend inside downtrend.1H chart:
Note
Congradulation! Bitcoin break out down channel.1D chart:
Next targets:
1. 30EMA
2. main downtrend
3. 200MA
Sustain about 200MA will sing superiority of bulls. MACD become positive
4H chart:
Note
Werge minimum target is 7211.55 USD RED dotted line is activation zone of werge
Here 4H chart:
Note
Ascending triangle pattern. 4H chart:Note
Flag on the chart. I not sure that it will be activeted. 1H chart:
Note
This isnt the end! BTC price should decline to 6200$ level for powerful bulls run.
Bear market moving on innervation according MACD and EFI.
Best range to close short 6450-6200$, in my opinion.
Here 1D chart:
My ALTS charts I'll update later. My balance suffer but I still not activete stop loss option. It's to later for me. It's my mistake.
Where's the bottom? When lambo? When ToTheMoon? I dont know.
Note
Divergance net on the chart 1D chart:
I read that cryptotwitter sentiments become bullish.
I my opinion this it bad but chart agree with cryptotwitter.
Note
Daily chart alarm first reversal sing as IH&S and MACD-line bullish divergance1D chart:
But still early to talk about uptrend.
1st conformation is brake out 6842USD point
2nd is brake out downtrend line (which lasted more than half of year)
I'll update alts chart to achieive this circumstates.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.