according to my previous chart btc rejected from the top of the channel. today it got supported in the middle of the channel which was well. however, there is POSSIBLE bearish divergence, but there is also a golden cross on daily chart. considering the price it is trading above the strong resistance it broke in the past weeks. overall, in my opinion, if btc can...
btc has formed a rising wedge with a bearish divergence. An extreme bearish pattern. possible movement in my opinion reflects on the chart. there may be a wick (highlighted area) to liquidate majority of short positions. A nasty market with a high manipulation so be careful.
BTC has reached a strong resistance zone and overbought. I think that BTC can form an H&S, and the head can be everywhere in the green zone. What I can tell you is that I am sure this pump targeted short positions, and 25300 is possible to liquidate final positions and SLs. Let's forget about tech analysis and talk about a real situation. This pump showed that...
DXY seems to have started its Eliot waves lol. There is a bull div forming at the bottom and this will trigger a rough pump. as long as it keeps 102 this is the most possible scenario. I will share my thoughts about btc in the coming days. just do not fall in traps by then.
As I expected in my previous chart, btc squeezed short positions before dump (highlighted area) and now has formed a bearish flag under the broken main support (green area). since the volume was extremely high but could not take back the green support, I can make sure that bitty will dump to 12k after holidays where ppl will need some money after their holidays.
well it seems that market cap is moving in a descending channel and has reached the top of the channel and there is a high chance to fall from here to 700 and may break down the channel to lower targets.