BTCUSD has seen a declining in both descending support and ascending resistance... volume has been also seen a significant decay in the hourly candles. We are very close to see a brekout that seems more likely to be on the downside due to the strong 62K resistance and the fact that we could see a retest for the 200 EMA as support...
We can expect another...
<> a very strong resistance at the 60K levels... going bearish on the short term could be not so wrong!.
BTCUSD is surfing around a playground at current levels and is passing just above a very strong ascending support which has been declining price drops past that level and showing strenght on the buyers side... If we happen to see any BEARISH Volume Candle...
There is a clear ascending triangle pattern with a declining in support at 62K. This could indicate an incoming retracement for BTC on the 1H with a possible swing magnitude that will lead it to the 59-60K levels. After we see this movement, we will know whether it will keep going down or we see some consolidation at this levels. There is a significant ammount of...
Recently on the 4H, we have seen a significant rejection in a descending support level; 52.8K, 52.3K and 51.7K levels saw a denying in the BTC breakout. We could expect soon confirmation for the forming triangle pattern that relates to the 3 levels of the descending support level. Level A could act as a possible and very likely strong resistance along with the...
We saw earlier some strong uptrend for BTC on the 4H. Went from 38K to 40K levels with no hesitation. The price is still well above the EMA200 and it almost surely needs some correction and play at the 38K-40K levels so the EMAs can catch up with the price again. There is an important rising support trendline and it is very likely to be broken very soon. There is...
