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Hi, this is an technical market analysis of the current BTC market status on the 4-hour chart.
What i am using:
- EMA (200,100,50)
- Fibonacci Retracement
- Support lines, Resistance lines
- MACD
- RSI
EMA: - We see BTC way under EMA 200,100 and 50. Also the 50 EMA crossed the 200 and 100. That ist indicated as a bearish signal
Fibonacci Retracement: - We...
- What we see here is B of the elliot correction waves forming
- also the double top that formed is confirmed
- Volume is decreasing that means we are on resistance now
- Also we are still in the downtrend
- In the 1 day chart its all red and a little little green candle is forming what is already decreasing
All signs we have now are still bearish, that is...
As i described in my last post BTC formed a double top, now its confirmed.
Also it is forming a massive ABC correction.
Next support will be at around 8K
Hello world,
- what we see here/seen the last weeks is a double top forming. After it passed the RED trendline the double top will be confirmed
- ALSO there is a big red volume spike similar to the spike we seen at the big downtrend after the all time high
- from that level BTC is likely to move more down
- I am not a financal adivsor, please keep an eye on...