Seems there are many speculations regarding the Crypto market mainly the BTCUSDT pairs So what i think is that there will be a short covering till the 40-42K range After that a dump should occur to eat back all the liquidity made by the Longer's
As seen in the chart AUDUSD looks possibly Bullish in the Weekly Timeframe After forming the Bullish Flag Pattern If The monthly 38.2 Fibo level is broken we are going to see a pump until the next level of 61.8
Small up side can be seen next week as a bullish divergence is formed. With strong resistance at 107-108
Forming head and shoulder in 1our timeframe within the bearish flag. Waiting for confirmation as it will only say where will the market move in coming days
Many Things to notice in BTC for coming week as there is gonna be FOMC Statement and Fed Funds Rates market will be volatile Things to consider before taking a trade in BTC RSI is in uptrend since 18th June in 1D Timeframe BTC is being consolidating within a range as shown Formed a Double Bottom but didn't made a breakout as expected In 4H Timeframe...
1. We haven't seen the new Low 2. Overall production cost of BTC is decreasing efficient ASICs machines with renewable energy 3. New ATH is yet to come before the 2024 halving, or it may just keep consolidation below the 45K range 4. New low will come since average BTC mining cost is decreasing followed by next pump after the 2024 halving. BITSTAMP:BTCUSD
Rising edge formation Likely two chances if dominance goes below the line we might see a small bull run and it gets support at the lower line and crosses the upper line we might see a more dump in the market In Daily TF the USDT Dominance shows 5.62% CRYPTOCAP:USDT.D
Still Short on BTC.. The Resistance at 23000 Forming a Bearish Flag Pattern
If the chart pattern goes like this doesn't looks good for DOGECOIN holders. Multiple falling wedge formation but still falling. Cup was formed made a high for few days and then again got dumped. Currently Inverse Cup in formation. BINANCE:DOGEBTC
Looks like when Oil crossed 70$ bitcoin started to move the opposite. BTC was made actually to be decentralized and to fight inflation but things doesn't seem quite interesting. Rather OIL is having the impact on every markets
Drawing my trend to find out whether i will go in this path or not. BINANCE:BTCUSDT
Using the 250 Weekly MA found that is was respected and acted the same way it did before in 2020 dip before the Bull Run began . BITSTAMP:BTCUSD