GRT broke out of its downtrend and the trendline with a great amount of volume, we can expect some more upward momentum on this coin just like what happened to WAVES
We have a descending triangle pattern in BTC, with all the tensions in the world i can see a great possibility of this pattern playing out.
Just an update to my previous P-2 chart BTC broke the 37000 support level and now testing the 35200 support zone, we must close a daily candle above 35200 for any bullish momentum, current local support is 33800 but the main support zone to watch out for is 32500-32000
The previous two time there was a cross over in these two indicators BTC dropped hard, what will happen this time.?
#BTC closed above 41k the next two important resistance for BTC are 44500 and 46500 46500 will be a major resistance because that area not just include the pitchfork resistance but also include the 50weekly EMA resistance, if we close a daily candle above it that will be great
#BTC is yet to claim the weekly 50 EMA support, until that happens I am not turning bullish 41700 is currently acting as resistance, BUT 44500 will act as a strong resistance, because we have both the resistance of weekly 50EMA and a trendline resistance there 38200 is the current support for BTC
BTC is pushing up as of now but the 39700 will be a lot of resistance for BTC.
BTC has formed a bearish flag pattern if btc breaks down and continue to fall then the next target according to the flag pole is 37k
BTC seems to be following the same exact moves as 2019 if it plays out then the support is at 20k which also indicates that this bull run is over
BTC crashed hard today, here is a bullish scenario for BTC if a daily candle close below 27k we will be in the bear market
BTC now broke the major support of 52k and 48k we can now expect a further dump towards 38k
Bearish momentum in both lower timeframes and higher timeframes targets are placed at the next support levels