rhawshemi

rhawshemi Updated 

It's hard to be bearish if the BiMonthly candle closes like this. on the other hand, if the Monthly candle closes above EMA21 it's no longer bearish in the Macro and Long term. But note that Bitcoin could test lower levels such as $ 6000 for playing out a Correction . About that 2D Death Cross: The first change of behavior was the candle close above the...

rhawshemi

An UNCONFIRMED Regular Bearish Divergence on RSI( 14 ) is present. If price wick to $ 1707 the divergence will be confirmed and could current the price to EMA21 which will be on $ 1680 Horizontal Support. It'll clarify by markets opening, But note that the Gold has been a pretty powerful market and somewhat ' hedge ' in this world markets crash. So don't...

rhawshemi

This is an Update for: After breaking the $ 7400 , now BTC entered a range between the two ($ 7800 ~$ 8000 and $ 7400 ) Support and Resistance. ( 61.8 Fibo on $ 8000 ) The second test of $ 8000 is probable. BUT the 2D Death Cross is confirmed a long time ago and now the Price action tested the 2D EMA200 . I entered a short position based on 2D EMA200...

rhawshemi

Bitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos. Will it happen again this time? With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside. Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a...

rhawshemi

This is an Update for previous analysis. After the test of $7200, BTC got rejected but in the way of dump, Open Interest stands still. I am bearish as long as BTC is below $7400. but if a 12hour candle closes above it then the test of $7800~$8000 is more probable. The weekly chart shows the potential of shooting star candle right below a resistance...

rhawshemi

After a massive move and 50% drop, Bitcoin made a Channel (or Wedge or Triangle or Whatever). The point is this is a Distribution pattern as long as bitcoin is hanging below $7800 . For Confirmation: Volume and Open Interest are going down as the Price is going up. So I'm Bearish as long as bitcoin is below $7800~$8000 and could test lower levels...

rhawshemi Updated 

Weekly CME has been closed bullish. A Higher High is now Confirmed on CME Weekly scale. Also an Inverse Head and Shoulders is present which its target reach to $12k on CME chart and which is an unfilled gap in there. It's weekend so expect some crappy candles. But the bigger picture is building quite bullishly. The Open Interest is also quite high that suggesting...

rhawshemi Updated 

Bitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) . The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and ...

rhawshemi Updated 

After the Weekly close above the last prior high, the trend is probably going to be positive on the weekly scale for EURUSD. Also, the RSI and Hashem WaveTrend are Bullish. Targets are shown with Horizontal Lines . (With white 200MA and aqua 89EMA moving averages targets)