Bull :
-Beginning of shy a bull div
-Soon close on support ?
-0.382 level
-USDT.D key level
-Pattern still call a 130-140k top
Bear :
-Monthly bear div, would be impressive that 107k to 77k is all that div can do. Usually HTF div like this force a close way lower.
-All the volume on 70k
-0.618 at 70k
-70k would be a great setup for a bull div
-USDT.D key level, may be the start of a bear market if we break the resistance
Neutral :
-Looks like a classic broadening pattern accumulation (cf Stock trends by R.Edwards and J.Magee) : just accumulating at these level or retest of 70k
-We had a good bullrun and almost no good news left. America can't buy BTC since they have a negative budget, if they print to do so, they'll kill their money.
-Since all point to 70k and all normies think of it, we'll maybe chop and test this level later, boring summer ?
Divergence are the most powerfull TA indicator that i know. Even if it hurts, 70k (+wick to 65k ?) is the most probable way. Still not selling.
-Beginning of shy a bull div
-Soon close on support ?
-0.382 level
-USDT.D key level
-Pattern still call a 130-140k top
Bear :
-Monthly bear div, would be impressive that 107k to 77k is all that div can do. Usually HTF div like this force a close way lower.
-All the volume on 70k
-0.618 at 70k
-70k would be a great setup for a bull div
-USDT.D key level, may be the start of a bear market if we break the resistance
Neutral :
-Looks like a classic broadening pattern accumulation (cf Stock trends by R.Edwards and J.Magee) : just accumulating at these level or retest of 70k
-We had a good bullrun and almost no good news left. America can't buy BTC since they have a negative budget, if they print to do so, they'll kill their money.
-Since all point to 70k and all normies think of it, we'll maybe chop and test this level later, boring summer ?
Divergence are the most powerfull TA indicator that i know. Even if it hurts, 70k (+wick to 65k ?) is the most probable way. Still not selling.
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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.