In the above chart you can see Bitcoin is still hovering around the 16.8k resistance level on the 4h and still hasn't definitively closed above it. Although looking at a few indicators, I'm seeing some bullish signs: 1. The more a level is tested, the weaker it becomes (i.e resistance is becoming weaker) 2. The RSI crossed over the signal line and is climbing to...
On the BTC 4h, we can see the Wave Fusion indicator called the short perfectly at $18k. Since then, Bitcoin has broken through three major support levels. Now it's currently at resistance of $16.8k trying to break back above. Let's look at a few things: 1. The 4h RSI was oversold yesterday (last time it was oversold was Nov 21st when we started the upwards...
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We are approaching a critical moment of which I have been waiting for approximately 6 months. The capitulating fall which forces us to crash down to the previous break out points that will allow us to now reset the downtrend and break out of the critical resistances that are above us and continue our journey back to the high's. If anyone follows my charting,...
THERE ARE THE POSSIBLE BAT PATTERN AT ONE HOUR. SELL: 1270.97 STOP:1274.65 TAG 1:1265.44 TAG 2:1262.03
A downtrend line going back to October!!! Depending on Price action, looking at a potential short at 17.28. The Ichi provides a nice area for target.