BTC is showing bullish momentum to the upside, right now. Given that FVG and nPOC levels are relatively powerful predictors of price movements, I highlighted some relevant zones to look out for in current times. The FVG levels are the thicker lines, the nPOC levels are the thin lines. Regarding upside potential: Relevant nPOC level to the upside is located...
BTC just touched two NPOC levels in one powerful wick upwards. High volume candle suggests a lot of bullish strength. Next higher NPOC level around 43k. Considering bullish strength, a move into 42k-43k territory touching upper NPOC level is not unreasonable. After which it may rejecting back down into the 30's to seek lower NPOC levels. However, 40k...
Just highlighting some very obvious patterns of behavior in the Price Action of the BTCUSDT chart, which, if continued, would end up taking us into the strong support zone around 30k in the near future.
I am bullish on BTC, but on a very short timeframe there is a scenario for bearishness. This idea displays the movement of BTC in a parallel channel, in two possible scenarios. Scenario 1: we get rejected at a critical zone of resistance around 58,500, at which point we move downwards for a final correction before bouncing up again to break ATH within...
This analysis highlights the patterns that repeat on the daily BTC-USDT chart, and projects what were to happen if these patterns were to keep repeating. It shows the emergence of a symmetrical wedge. This leads to a second chart, illustrating the symmetrical wedge poised for breakout second half of November to a top of 90.000 USD / BTC. It is linked as a related idea.
This chart shows several bearish signals on the BTC daily chart, and is meant to provide insight into possible (but not guaranteed) future price movements. - It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend). - It shows a decrease in volume. - It shows a bearish divergence...