Ale_IT

Ale_IT

Possible megaphone pattern the pattern that I now seem to read in this chart is a megaphone pattern, the price movements were accompanied by volumes to confirm this figure

Ale_IT

MFT for almost a month on the side in a range highlighted by the rectangle, when it comes out it can take direction again, 01380 about the upper resistance

Ale_IT

WWR in an interesting position to follow as it is inside a bearish channel and at this time it seems to want to test the dynamic resistance of this channel, it has also positioned itself above the static support in the 3.85 area

Ale_IT

signs of an awakening for SLP which appears to be rebounding on long-term support

Ale_IT

it seems to me that OXT is building a confirmed long-term reversal structure above the resistance of 0.52

Ale_IT

In a long-term view my idea is still bearish, the positive movement of these days has been rejected by the trendline and by the static resistance only a return above 41K negates this bearish pattern

Ale_IT Updated 

We can develop many hypotheses, this is the idea that I prefer for the next few days with a target in the 39K area

Ale_IT

in the chart I drew the channel in which it seems to me that BTC is moving

Ale_IT

the premise is that these considerations on the short term, it seems to me that from 22 June to 7 July an impulsive movement has developed, therefore from 8 July its correction, and in the green area the possible levels for this correction, levels from which it could start again. Below the low of June 22 this hypothesis is denied

Ale_IT

In these 2 graphs I would like to highlight that different levels and figures are drawn, At this moment the flag that can be drawn on BTC is still far from the break of the underlying trendline while the wedge that drew the index is very close to the support line and the brekkout signal Also I would like to highlight that the two recent lows May 19 and June 22 on...

Ale_IT

I believe it is a delicate phase for the BTC as on the dynamic support and the static support at 30000 relatively nearby Below that there are few references, it seems interesting to me that in this level an interesting static support coincides with the retracement of 0.38%

Ale_IT

I try to contextualize the trend in a long-term context starting from the weekly chart where although the trend is still positive supported by a dynamic trend line in the last candles there is a strong signal of negative direction followed by a couple of candles with a body very small which mark the indecision of the market the last period BTC moves between...

Ale_IT

development of apparently symmetrical structures on the support area, I await developments and do not take a position

Ale_IT

this bearish phase seems to be heading towards the strong support at 30K where buying could return

Ale_IT

this bearish phase seems to be heading towards the strong support at 30K where buying could return

Ale_IT

SKY on the supports

Ale_IT

BCD while towards usd it seems to have built a support from which to restart towards btc the level on which it stopped seems more fragile

Ale_IT

ALGO seems to have built good supports from which to start again