Andrei1996

Andrei1996

Hello, my opinion is that Bitcoin is very oversold on the smaller time frames and can bounce from here, but it has massive rezistance at 6000-6400 lvl and it should have massive suport at 200 Weekly MA, if the MA breaks then next support should be around 3000-3500.

Andrei1996

QKC is trying to change the trend and reverse for main net, probably selling area can be around 1100-1200 sat.

Andrei1996

The boxes represent my targets for short-midterm.

Andrei1996

If waves dose not bounce from 5100-5500 zone then the following scenario is most probably in play.

Andrei1996

A short update for Bitcoin, it has brokeout of the diamon pattern and has got above the 1 hour EMA ribbon, but the 4 hour ribbon is still acting as heavy resistance and the stockastics RSI on 4 hour is in the upper region, its not necesary a problem because it can stay there for a while. On the daily timeframe BTC has still room to grow, but it first needs to get...

Andrei1996

Bitcoin has formed a diamond pattern and it could break soon, unfortunately the 1 hour and 4 hour Ribbon is pushing btc down, The conclusion is that btc can break out soon to posible to the upside