BTC closed the daily candle with bullish divergence on RSI as well as OBV. MACD flipped bullish but looks a little weak in my opinion. Volume looks ok but not that good. For the divergences to play out we have to break $30500 resistance and $31500 to reach $34k to $36k levels although we are in a bearish trend so they might not work, These divergences will be...
BTC is in process of developing bullish deep 🦀 harmonic on 12 hourly chart. It will complete at $30,800 level, Like always we use bullish harmonics to project future price action. It will take some days or weeks to complete this, Invalidation of this harmonic will be if BTC pumps to $47k level OR consolidation within the range for longer time.
FITFI is making a bull flag pattern on 8 hourly, Price has tested the lower support of the flag and bounced back, If we see a green candle, Most likely it will break out and technical target of that is $0.793 whereas in case of a break down from the flag we will see $0.29 which seems less likely considering the hype around this project who will be the competitor...
GMT is making a massive bull flag with a falling wedge on daily chart, Pattern's target is exactly 1.414 fibonacci extension. If this pattern plays out then we are going to see another bull run In sha Allah.
This is a buy/sell indicator which has been quite accurate to predict long-term price action on higher time frames. Every time candle closed with a sell alert, Price dumped over 42% so now we see the sell signal popped up plus we have a death cross nearing which will further confirm the downside towards $23K. I am not saying this is a sure-shot thing but this is...
I am giving this call based on Cup & Handle forming on a daily chart. Good luck. In sha Allah you will make good profit from this call. SPOT trade SUSHI/USDT Entry : $3.05 - $3.5 TP1 : $4.03 TP2 : $4.38 TP3 : $4.73 📶 Extended TPs TP4 : $5.2 TP5 : $5.8 TP6 : $6.3
Price action is developing a harmonic 🦋 Target of this is $57,329. Invalidation of this harmonic will be price going below $38k level or consolidating for a longer period of time. Although it looks we will touch $44k level and pull back but sometimes you cannot anticipate the movement of BTC and it surprises you.
Price action is developing a bearish :shark pattern which completes at $44,747 level. I think we are going to have a short-term bullish movement and afterwards we are dumping back to sub 38k levels. Obviously this can be invalidated if price reclaims $47k level afterwards which seems highly unlikely. This chart is self-explanatory if you want to take a short position.
BTC is showing hidden bearish divergences on RSI, MOM, OBV, CMF on 8 hourly. If these divergences play out then we are likely going to see price touching sub 40k. For invalidation of this divergences price has to clear $41.5k level.
NEAR is making bearish shark harmonic on daily and Head & Shoulders pattern on 4 hourly. Looks like this will break down if ascending trend line resistance is broken. This is a VERY HIGH RISK trade. ONLY for PRO future traders. Good luck.
More hidden bearish divergences found on 6H chart, RSI, MACD, STOCHASTIC, MOMENTUM all 4 oscillators are showing huge hidden divergences, BTC has to close above $41.5k on 6 hourly for these to not play out otherwise we can possibly see a dump towards $39K.
Price action is moving below mid-range of a descending channel making lower high's and lower low's. So likely we will see retest of lower boundary of the channel which is $38,000. So far btc is holding ascending trend line resistance but this will likely break down as soon as death cross occurs. On-chain data is giving bullish signs but S&P500 being bearish and...
We have regular bullish divergence on 4H and 6H on RSI as well as MOM oscillator Furthermore if we look at 8H chart we have same divergences being made but confirmation will be done on candle closure. So if these play out then likely we will see price to make an attempt at $40500 resistance. We are in a bearish trend so all of these small pumps will be...
Firstly we look at 2D chart and we see hidden bullish divergence on RSI which means that the price is making higher lows and oscillator is making lower lows, We take this signal as a potential bounce in coming days. Now let us look at 3D chart, Again we see hidden bullish divergence on 2 oscillators which are CCI and CMF. Again this is another strong signal that...
BTC is in process of developing alternate bat harmonic. Since we are in bearish trend so we use bullish harmonics for downward price projection. This harmonic will complete at $36,161. This harmonic will most likely complete because if we look at 4H chart, We see a death cross happening in a day which will lead to more downside. Oscillators on 12H are way...
I don't mean to scare away anyone with this analysis but I want to show you some crucial levels which need to HODL for further upside. Let us start with 2D chart, MA50 is very important level here which if btc does not HODL then we are looking at minimum 20% dump in coming month but if this level HODLs and MA200 is reclaimed then welcome the bull market. MACD...
We see a bearish bat forming on a daily chart and we can take this as future price projection. I suspect that this pattern will surely complete once 0.382 level is reclaimed. To add confluence to this analysis, Weekly oscillators are pretty much flipping bullish. Another confluence is that on 12H chart we see a possible golden cross happening in coming days...
Price action is attempting to form a bearish 🦇 on 2 hourly. Completion of this harmonic will be at $42,057, Invalidation of this will be $43,311. FOMC news had a very temporary effect on price action and afterwards we were bombarded with good news for future of crypto which pumped the market back up almost in an hr. Now we are back at R/S game. Bearish trend is...