There's no particular reason that BTC 0.40% would follow the path I projected with the arrows. Looking at the RSI , market sentiment and the last correction back in 14/15, I have a strong suspicion that BTC 0.40% isn't going anywhere near the moon :P It may be that this correction approximately lasts as long as the last one, so I believe that we could face the 3k...
Good day,
this TA is quite hard to do since the current price action seems indecisive to me. It looks like Bitcoin might be trapped inside a ascending triangle, which usually is a bullish sign. The yellow line, in my point of view acts as a strong resistance. I initially drew it as a neckline for the double top that happened approximately nineteen days ago. I...
Good day ladies and gents,
this is my first technical analysis on the SPX and it's clearly not a bullish one. The SPX had an astonishing bullrun over the recent years but a bear flag is marking its end. A double top formed on the RSI(14) indicator which only confirms the bearish breakout. The blue box on the chart acts a support and first target.
Keep in mind...
This ascending wedge is a bearish pattern for sure. Let's see if we break down or up -wards. The RSI is still not in the overbought area but quite at the edge of it. MACD looks like it's about to turn bearish as I mentioned yesterday. Btw the harmonic pattern from yesterday is BS. Keep in mind that I'm still a novice to TA. Still expecting BTC to...
I am expecting a big sell off but the fact that Tether might have flooded the market with 300M new Tether makes me question if we're really going to go down now. RSI still has some space to go into the overbought zone but MACD looks like it's about to turn bearish.
Bee safe out there.
Cheers
Hey I am a novice to TA and don't know much about the Elliot Wave Theory yet. Still did I try to count one. What do you guys think about my count and the RSI double bottom, if it is one? The RSI double bottom might take us to 9.6k or 9,9k imo before we go down even further.
Please do not take this "analysis" as trading advice.
Cheers
