BTC will break out to 13k at the end of the wedge, where another rising wedge can be formed. The support is the parabolic line in green
Resistance at 19k with a downward fall to support of 12k.
A falling wedge pattern forms, where we can break the support of 10k. The goal is to reach resistance level of 13800. MA20 and MA50 have crossed each other.
Long term vision: No further explanation needed!
With an increasing RSI and thereby a weakened sale, I see the target at 13800 and then we are back on track. Wedge will be able to close slightly lower on support of 11500.
Support 8550 2nd support 6750 Goal 13838
Target achieved from previous analysis. A bearish period now applies. The possibility is a decrease from 6205 fisrt suport to 5306 2nd support. Monthly support: 7659 6205 3852 Monthly resistance level: 10k 11466
A possible flag of a bull. Probably a short fall now, with a bigger volume dump. resistance 9977 First support 8853 Second support 8500
MA 50 has crossed the MA 100 and today a new bearish signal, because MA 100 has crossed the MA 200. Target is 7000.
BTC closes bearish pennant. Possibly a long fall. Support 6101
Short-term bullish to 8200 after that bearish signal
MA 20 amd MA 50 20 cross each other on 17 June. This is followed by a new resistance level at 11000. The support level is between the 6700 and 7200.
Would it have been three long red days, each with a lower closure than the previous day? First support 7280 2nd support 6236
A bearish engulfing is a candle pattern where the smaller green candle with smaller wick is eclipsed by a larger red candle with larger wicks. It seems that this pattern is close enough to drop some anchors and analyze the market for retouching fibonacci. The bears are gaining strength. Support 7500
Rising wedge update: Volume drops down. This is a signal for the end of the wedge. Target 9600 Support 1 7300 Support 2nd 6800
Rising wedge; Target 9600 Support 1 7300 Suppport 2nd 6800
Hanging man and volume low. Unfortunately for the FOMO bulls!