the6ylal

the6ylal

We are currently facing the resistance of the 200 hour exponential moving average. We are in a falling channel structure and we have experienced the lower band of this structure only once. Considering the structuring of the Stochastic Relative Strength Index, if the next retest situation in the aforementioned lower band is considered, it seems likely that we will...

the6ylal

While our journey continues in a long falling channel, you can profit with the micro uptrend breakouts that are forming.

the6ylal

There is a falling channel that we are currently in. The rejection response from the upper band of the channel has created a kind of Bearish Flag formation. Currently, the 50 hour Exponential Moving Average is acting as a resistance for us.

the6ylal

Currently, EMA21 appears as resistance in the 4-hour timeframe. The Bear Flag formation we are in also carries the targets further down. However, although the positive dissonance in the Relative Strength Index correlation gives us hope, the trend formed for the RSI is a harbinger of probing the lower band within the channel. Also, another negative indicator is...

the6ylal

As you can see, we are in the falling channel form in the weekly timeframe and we have reached the support point of this current channel. We also polled wma200, which has served as a trend changer for the bear market for years, although we are currently below this moving average, I hope to close the week above it. On a weekly basis, our Relative Strength Index...

the6ylal

Currently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of...

the6ylal

Considering both the Bear Flag pattern and the Stochastic Relative Strength Index on the daily timeframe, as well as the weekly timeframe pattern, BTC's eyes are on the grave. The search for liquidity at a much lower level, in the $18-20K range, should not be overlooked. Of course, we may see an increase up to $35,000, but this possibility remains a difficult one...

the6ylal

The situation of the stochastic relative strength index is clear, BTC seems to have drawn an obvious ABCD setup as a formation and moreover, an overt bear flag. If we take into account the existence of volatility and fear, a negative trigger can bring very heavy sales.

the6ylal

If we also consider the stochastic relative strength index on the 4-hour timeframe, we will probably fall into the lower band of the channel.

the6ylal

What you think about crossing trends in 2017-2022 Bitcoin Chart?

the6ylal

Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target. But this goal does not have to come immediately. As you know, we are experiencing negative situations in BTC...

the6ylal

Unfortunately, we will either watch a big slaughter in the markets or relax as soon as possible, I hope this is a fakeout situation...

the6ylal

Since 2014, we are on the top floor of a trend channel layer upon layer, breaking down will lead us to disaster... The final point is $31.780, escape without even a confirmation of the needle when it breaks.

the6ylal

Unfortunately, we are waiting for the price to return with our short positions.

the6ylal

$33.854 is our last support, if this support is broken we will have broken a huge 5-year trend and unfortunately we will be heading towards our $22K target without a relief rally. I still think that we will return from this point and make $52K first and then go to $22K...

the6ylal

There are areas of resistance that we need to overcome or areas of support that need to hold the price. It is inevitable that the course of the global markets, especially the Nasdaq, which we are in correlation with, will also affect BTC. Therefore, we must take these areas into account, especially in marginal positions.

the6ylal

The moment of fate has come for the price predictions within the technical targets that we will go according to the breaking situation of the symmetrical triangle we are currently in...

the6ylal

Unfortunately, we will either watch a big slaughter in the markets or relax as soon as possible, I hope this is a fakeout situation...