What happens to the world if BTC goes down for the last leg?

With this 3D TF, RSI shows us a downtrend. The Ichimoku Cloud is too bold for BTC to step above it, and the MA200 challenges the BTC price as solid resistance is too high. In this case, the MA200 must come close to the blue line enough for the price to increase, then the lines cross up again.

To summarize, RSI is in a downtrend. The cloud is too thick, and between the two lines should have a smaller gap for the price to go up again.

Remark: These will be void if the price increases strongly from here to the yellow line.

Note

This is nice to see the price action of BTC trying to reach that MA200, which tightened the Ichimoku cloud. If it gets back to around 25k would be outstanding, but let's see.

P.S. I am considering this long-term TA.

Note

Interestingly, if BTC closes below $24k, it may decline further.

Note

Just a quick update for all those indicators.

Note

I'll provide more updates later, but the bear seems to be gaining confidence at the moment.

Note

Here you go. Now you can see the cloud is narrowed down. MA200 testing was significant, and it's already closed below the ema48 blue line.

l283

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

l283