BTc at the moment is gaining momentum especially with the Binance incentive for whales with zero fee trading. trend on ascending channel above the lower channel support line. Elliot wave 3 in bulish setup is forming and now is lower than previous peak MACD losing momentum on buy trend , let's see how that plays out above 200 1D MA which is encouraging RSI has...
On the 2h timeframe BTC seems to be stuck in an ascending triangle on 2H TimeFrame If this is confirmed then we can as well embrace for a breakout after 22.4k. This will open up a small spring for BTC MACD indicates the ending of a selloff Bollinger Bands median is low within the Bollinger Bands range RSI trend reversal with room for growth Resistance is small...
Bullish Engulfing confirmed on 2h timegrame CME gap between 19,4k - 18.5 almost filled MACD trend changed to bulish BB median movement changed to bulish 3rd Elliot wave down completed Going for 4th, which is a small ride till 20,7k (8%) Enjoy it :)
We see Cyrpto funds thumbling down as Banks did in 2008 and all over we have a molotov cocktail of negative market impact snowballs gathering speed : world wide inflation, war, pandemic, civil unrest, natural desasters. This is not financial advice, just how one worst case scenarios might look like. So far apart from heavy accumulation from whales BTC did not...
BTC currently at the cross roads . * What's the market telling us : * On top we have the Death cross that was formed, yet the bulls still got a grip and manage to stage a push after push towards the 200MA line which once crossed will give us a breakout confirmation and trend reversal. 1D RSI offers us a breakout confirmation Still missing buying volume for...
BTC currently at the cross roads. * What's the market telling us : * On top we have the Death cross that was formed, yet the bulls still got a grip and manage to stage a push after push towards the 200MA line which once crossed will give us a breakout confirmation and trend reversal. 1D RSI offers us a breakout confirmation Still missing buying volume for a...