<=17k Price target on an overbought daily. Expecting equities market to continue to bring us down to a more realistic range between 15-17k until markets stop being manipulated.
This hasn't been tested since 2020 so its an event I have been waiting for which will give direction for rest of year. Looking to smash buys below 14k by July.
Just looking at how this will develop on this guppy indicator that has been right so far this cycle. The only positive here is StochRSI oversold but we also have a death cross on the 50SMA wanting for cross below the 200SMA not shown on chart of course. Overall sentiment has been bearish and all the crypto scams going belly up are not helping. Looking at 13-14k...
With BTC below the monthly 50SMA and now below the 100SMA and moving towards a cross below the 200SMA on the weekly, it could point to a downward movement. I will be watching this closely in the next month or two.
Weekly 50SMA about to cross below the 100SMA on the weekly and a retest of the 200SMA will be on the way and with market and economic conditions I believe we will not hold the previous low and see a flush down to 320 levels by end of December.
You might think this is bearish as most death cross usually are but in bitcoin's case this occurrence on the weekly chart has been mostly bullish and it will likely pump us at and above 30k resistance in the coming weeks and start a bull run
no much to say here besides the classic pattern and support on the 50SMA
The weekly has took a turn for a bullish 4 weeks ahead. Keep eyes out for the upper resistance trend lines to test and break as once that happens we should see support above those levels.
looking to buy bitcoin around the 42-42k area in a few weeks time.
just following the daily trend line and searching for a 65k breakout.
We haven't had this happened for a while and I see this as a bullish indicator. PT near 9k sats.
One of the few DeFi projects I am bullish on since 2017 and one of my many bags who are almost green is looking very positive now with a break above .50 bringing this into extremely bullish territory. Time will tell with this one and performance this year has been solid so far. More to come
Get ready for a nice pump in BAT, that volume and this coming golden cross looks very bullish.
like what I am seeing here, will be adding more soon.
As with my previous technical analysis that shows an upcoming Golden Cross on the daily, this possible Cup and Candle on the weekly seems to be inline with the golden cross we should be experiencing in the next couple of weeks. Looking at a break above 11.5k with heavy volume for confirmation of the C&H breakout.
The 50 SMA on the daily looks to be on path to cross over the 200 SMA as it has crossed over the 100 SMA already. This hasn't happened in a while, and last time was in the end of April 2019 and Bitcoin had a 64 day run of around 147% from 5.3k. Expecting a nice run up to halving with this golden cross.