It broke the down channel in which it was moving and went down to the range of 29000.
It is still in a downward trend and there is no sign of price growth.
EMA 20 Cut the EMA 50 down and the price is below both.
The 29000 range is a very important support range, and if it is lost, we can expect a further price drop to 23,500.
The 35000 range is also a very...
BTC has moved out of its triangle pattern and RSI has confirmed and is completing the pullback.
After brake out the downtrend and
Closing the daily candle above the 50,800, can give hope to climb to the range of 53,000
And start the upward trend after bullback ...
But it all depends on being above 50,800 by next week
It has just emerged from a pattern it has been in for a long time and exit the trend in RSI confirms us.
We can be sure if the daily candle closes at the same price or higher
Because not much volume is entered, it can be a false exit or it will pullback after complete exit .
after the pullback, it can grow up to 4 $ and then prepare for the next tergets.
BTC should reach the price range of 40,600 to 43,000 and then making decision would be easier.
This is a strong support area for BTC
If the downtrend in the RSI is broken, we can be optimistic that the monthly candle will be closing by the next week. The price will reach above 53,000 and the downtrend will end.
However public sentiment towards BTC is in the...
According to the chart, it is clearly evident that a triangle has been formed since Dec 4th, 2021. With having a glance at the breakout level at the price of 49620, due to lacking of volume trading, there is no sure and certainty among traders to make the market bullish again. However, a true breakout in RSI 14 is seen and also the pullback has been successfully...
Following is the downward trend of BTC in one channel and below the midline of the channel forms a W pattern which does not have much chance to complete this pattern and go back up
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have...
Following is the downward trend of BTC in one channel and below the midline of the channel forms a W pattern which does not have much chance to complete this pattern and go back up
Because it has shown strong resistance to EMA 20 and is more likely to fall to the bottom of the channel.
If on the bottom of the channel that price range is 54,200 , It can have...
After breaking the short-term uptrend line, Bitcoin correction deepened and made a correction to its recent uptrend to the level of 0.382. Supported at $55,800, due to divergences created in the lower timeframes, it experienced an upward movement and is now engaged in resistance at $58,500.
Our trend is downward and the upward movements of the price are...
After breaking its long-term downtrend,Most likely, it should get back to 1843.70 on the 50% area of Ret-Fib and then start going up to 1871 . Final movement probably continues to price zone 1900.
