Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTCUSDT- Weekly Time Frame - Candlesticks
📌 Support zone - RSI Divergence - Ichimoku cloud - Fear
📍 BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that:
1- We are in a very fearful situation and the index is in an extreme fear position
2- Ichimoku cloud or Span A has held the price from further crash
3- The 39560 price range is an extremely powerful price range which cannot be broken that easily
📍 There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful "
Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes.
📍 We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum
📍 From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin
📍 There is a very huge regular divergence which is also bullish in weekly time that can confirm that
⚠️ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so.
⚠️ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement.
⚠️ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market
✍🏼 You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :))
✍🏼 Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations:
✍🏼 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTCUSDT- Weekly Time Frame - Candlesticks
📌 Support zone - RSI Divergence - Ichimoku cloud - Fear
📍 BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that:
1- We are in a very fearful situation and the index is in an extreme fear position
2- Ichimoku cloud or Span A has held the price from further crash
3- The 39560 price range is an extremely powerful price range which cannot be broken that easily
📍 There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful "
Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes.
📍 We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum
📍 From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin
📍 There is a very huge regular divergence which is also bullish in weekly time that can confirm that
⚠️ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so.
⚠️ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement.
⚠️ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market
✍🏼 You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :))
✍🏼 Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations:
✍🏼 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
Note
This is what I guess we might see in upcoming weeksOrder cancelled
Unfortunately we have see a huge crash in the price of BTC Sadly SPAN A and even SPAN B couldn't even HOLD the price back from further crashes
The only hope left is the weekly close...
If it manages to close above the SPAN B level or even above the SPAN A level (which explains a very long wick) that could still be a very good song
If not I would not be sure how far and how long we are going to crash further
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.
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.