Stoch RSI resetting towards D for possible a breakout up, possible breaking through broadening descending wedge aswell. Targetting top of daily symmetrical triangle This is just a possibilty but I don't see us breaking 10K before 11K
Stoch RSI crossing, RSI very low, blue zone = demand zone, descending channel indicating for a break and leg up. Might test the S1 pivot and EQ first but might possibly go up from here too. Will depend on BTC price action. RISK MANAGEMENT DYOR
Not very likely this roadmap is going to work out exactly as I drew it, but hey, it is possible
Only based of TA, and because selling needs a break
Hold this EQ of the big channel = Bullish Break the EQ = Bearish RSI oversold sitting at 18.5 Stoch RSI flat out at 0, has a lot of room to run up MACD not crossing yet I'm leaning towards bullish if we close this 4H candle smaller -> Increasing volume but smaller candlespread indicate demand is showing up ready for a reversal. Not financial advise RISK...
The smallest green box is most likely going to be a point to bounce from. This way we hold the channel, we get to the golden pocket of fibs, SME 200 is going there, if we get there the next 2 candles we'll have a td 9 buy signal and we are at S2. All good signs for a reversal to the upper part of the channel. HOWEVER. If we don't hold this spot, buckle up because...
IMHO bulls are trying to keep hope up and see this as an corrective wave for the next impulse up. BTC has had a good rally for two weeks but failed to break higher. Summer isn't the time for BTC to start a rally and the market makers know this. That's why I'm short for this month and long after summer. This is healthier as BTC will have a larger correction and...
It's hard to say what price will do... No one can say what's going to happen next for BTC. Chart says we should be going up but it looks like demand hasn't enough power to break through the supply. RSI is also stuck in a pennant which will cause a break soon (up or down) which will most likely be the way we go. Stoch RSI ready to go up. For now the ascending trend...
We can see the downtrend starting in the beginning of september but has found an end in october on the support.
DENTBTC, blue line as support with nearing to the ascending black line as trend line. Hopefully dent keeps the trend otherwise it'll fall down to the green support line, put stop loss under green
The green zone is a no-brainer buy-zone. We might find another lower high before breaking out this flag. You can always join the telegram to be sure you don't miss out on any trades t.me