Looks like bitcoin is set for another dip (30% or more ?). Lets see how this works out in the coming week.
The RSI has been a nice indicator for trend reversals. We are almost hitting the 30 RSI level. The 0.618 FIB level has been breached but not as strong, ETH is still around 590 USD. Next candle should be decisive. If it breaks downwards, we have a nice support at 360 USD. However giving the RSI being almost oversold, it is highly unlikely it will drop that much....
C&H formed, we might retest the 0.5 FIB level due to the negative sentiment around bitcoin. This could be a nice buy moment. Buy Range 3200-3600 sats
MA likely to cross, negative RSI. Buying opportunity at the 0.382 and 0.5 FIB levels.
0.382 Fib level tested twice. Given the volume en upward momentum, its more likely to test the 0.236 level and move up from there. short term.
H&S formed, indicating bearish movement. Moving averages moving to cross each other --> bearish Buy possibility between the 0.5 and 0.382 retracement levels
We have almost the same scenario as before. Set stop losses and get ready for re-buys at 15.6 / 14.2 or lower. Take some margin to make sure your buy order gets triggered. Good Luck !
Support line held, gaining trust again to not fall further. Bullish momentum building according to Moving averages. RSI is overbought, but in crypto's people don't seem to care much.
Moving average indicating upward momentum. Last candlestick needs to close green. Price exceeded last resistance level (1165). We need one more candle exceeding this level. Interesting 12 minutes.