If the weekly candle closes above the ATH, chart says it all according to the cycle. Halving is near. If not we could consolidate torwards 50k but there is no way we are going lower. My previous analysis got invalidated. So be aware.
This is my expectation for BTC, No ATH coming soon, there will be blood before the flowers appear. Chart for personal use and to see how wrong or right I was in the future. Best regards and happy trading :)
Bitcoin Analysis: 4H Chart According to recent events on a macroeconomic perspective and TA on the weekly chart I conclude on the path Bitcoin could take. - Major bearish divergence building (Higher highs price action, lower highs in the RSI) - BTC about to face strong resistance (confluence area) - Major possibility of rejection Bitcoin is approaching what...
BINANCE:BTCUSDT Bitcoin long term analysis: According to recent events on a macroeconomic perspective and TA on the weekly chart I conclude on two different paths Bitcoin can take. The positive side: analyzing with diagonal resistances one is be able to notice that Bitcoin's support is around the 34700 mark. From this point, if the price action were to close...
SPX long term analysis: It is getting clearer and clearer that unfortunately the uptrend is about to end. From a macroeconomic perspective it is obvious that what awaits is only blood in the streets. The weekly chart shows a clear Head and Shoulders pattern which is upon to be completed today. If the SPX is unable to close above the 4100 level, a trend reversal...
Still building bearish divergence on the daily RSI, my expectations were surpassed, I thought it would go to 52.1k and stop there but we hit almost 52.4k, anyways here is my own opinion. As we are building still bearish RSI I would argue that we have confirmed we are in the bear market now, my arrows show just Wyckoff redistribution. Expect a possible bounce to...
Hello Tradingview, this is my second post. Looking on the daily DJI chart I spot bearish divergence, according to the RSI and MACD indicators, current divergence can be broken to the upside and if support is tested, my analysis invalidates. For this matter the DJI as the NASDAQ index is converging bearish. Rising wedges as known result in bearish consequences,...
BTC Falling channel on the daily. Asymmetrical triangle formation, most likely heading towards the downside. Forming bearish divergence. Possible bearish MACD cross. Need more evidence? Possible price target for a reversal: 24.74k Regards and trade safely.
My first official analysis. BTC on the daily chart. Asymmetrical triangle formation heading to towards the downside. Possible price target 24.5k. Only bullish if red channel is broken and supported on the upside.