$BTC Correction In Order - 50k+ (Not So Fast!)Weekly and Monthly charts are pretty overbought, we are sitting on 90 on the weekly RSI.
Rejection off 50k Psychological level.
Rising Wedge in a bull market is typically a corrective pattern if we break below lower resistance.
Unless Elon tweets something about BTC, I think we head down for a small correction, before heading higher.
Short term bearish structure, but longer term still bullish.
*NOT FINANCIAL ADVICE*
Btcudst
3RD BIG FRACTAL?
Just a idea, not gonna trade this blindfold, watch the previous chart and understand where is the confirmation point, like closing back below the high in the 4rd box, after taking the highs in the 3rd box (purple), retest of the previous high have been a perfect short in the two previous structures.
Bitcoin no longer wants to go back under $ 10,000The bulls turned long-term active and unpleasant resistance into support and so the journey up could begin. After yesterday's explosion, which brought the price up to $ 12,123 (binance), came also the first big sale and the price almost reached new and very important support. Yesterday's low was $ 10,518 and the bulls bounced it back perfectly. Currently, the market is calm and we are waiting for further indications.
Technical analysis and its findings:
New and important support at $ 10,000
Major resistance at a price area 13k / $ 13500
New UP Channel at 4H
RSI is overbought at 1D / 1W and this can mean short-term and speculative sales of big players
If Bitcoin doesn't fall below $ 10K it's more than likely that we'll get up to $ 13K+ in the coming months
If you are considering trading be focus on the area of support and major resistance
The Low Is In? Bitcoin Dominance Says BTC Goes Up!The BTC Dominance (BTC.D) chart is showing multiple bullish signals... Is Bitcoin about to go up?
First we notice the ascending triangle, which is a bullish pattern.
Prices are now trading above EMA10 while challenging EMA50 and EMA300.
We have a reversal candle on the 13 March.
Both the MACD and RSI are bullish and strong.
All these signals are pointing up.
Conditions for change
If prices move and close below 64.17, the above signals become invalid. The red arrows enters play.
NOTE: BTC.D moving higher not necessarily means that Bitcoin (BTCUSD) will go higher.
Do you believe that Bitcoin will move lower or will it start to reverse and go up?
Share in the comments section below...
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Previous analysis (Bitcoin Bouncing Now?) :
Bitcoin Drops To $3K Before $32K? New EMAs + Daily RSI Analyzed
Bitcoin Weekly Update (MA200 Breaks / Bearish, Low $3ks Next?)
Thanks a lot for your continued support.
Namaste.
BTC possible movements And Long term buyback zonesBTC on a very important support zone if finger crossed as the trendlines crossed in this support price holds above 7250 daily candle and 7100-7300 in lower time frames we see a pump toward designated targets shown in the chart with green and RSI indicator showing over sold in zone indicates a possible pullback.
but there are more bearish patterns available here ichimiku red cloud - chiko span under the cloud - rsi bearish trend has not break above - selling pressure and many others i personally think of a bearish scenario in short term but btc always surprised everyone
we`ll see...
$BTC #BITCOIN to $11k according to technical analysis hello everyone and welcome to another analysis on #bitcoin $BTC BTCUSD as you can see on the chart above bitcoin is on an ascending channel on the 4 hour time frame and that is a BULLISH pattern which could take us all the way up to $11000 if BTC breaks the upper resistance at $10150
also we have an RSI and MACD histogram bullish divergence on a 4H time frame. And that is a bullish sign!
recently we held the 9550 support quite well and BTC needs to hold that support in order for the bullish scenario to happen.
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Not a Financial Advice
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