If you look at the chart, BTC has made a similar rally in January 2021 and January 2024, and if you take into account the height of the cup, the price that BTC can reach may be USD118k! However, BTC is already at the end of the Bullish Trend if you see that the price has fallen and reached EMA50 (green line). Could it be Bearish? or will the price drop for a...
Using TF weekly, seeking strong bullish signal. First arrow, if the candle cross over the ema200, then maybe strong bullish signal for next trend. Confirmation trend, second and third arrow, if the green dot appear on these indicators, then we can see new bullish signal.
It is seem BTC have strong support on ema 200, and make a rebound. Previous analysis, i've told the signal was shown the weak trend, but if the candle break or cross over the ema10 and ema21, then it will be new bullish signal. The second indicator below the volume indicator show the green dot (red arrow), which is the good bullish signal. If we see the TF...
TF daily, weak of the bullish trend. Candle still under ema10 and ema21. If the candle cross over the ema10 and ema21, maybe there is new signal for bullish trend. Strong support over ema200/ema50.