gbdadx21

gbdadx21

i see a divergence between rsi in weekly and 4 hs charts (not yet in daily) thinking in BTC cycles, we need 6300 to get block 770000 (70k before halving). in the past, that was an area with less bear feeling ... and a bit better than the winter... it is just an exercise, not advice, but be ready for some better news in 2 months

gbdadx21

hch, posible target 1200. but... some bullish divergence in rsi could show a recovery in short.

gbdadx21

this is just an idea, not financial advice in my opinion, we haven't seen the bottom yet

gbdadx21

the first support in 17800, it is good to buy in my opinion, but if we go down we can touch 11000 and then recover, or go down till 9800, the channel looks bullish in long time trend. rsi in the oversold zone...

gbdadx21

still bearish in the same descendent chanel . next movement to 11222 or 9800

gbdadx21

still inside the bear channel BTC should cross 24500 resistance to face a bull trend if we stay in this channel, the bottom could be near the halving levels in 2020 it is just my opinion

gbdadx21 Updated 

we have reach 78% fib retracement today... still bearish looking down to 9000 to complete the Fibo this head and shoulders looks like a camel

gbdadx21

weekly chart with head and shoulder pattern. target near 1000.

gbdadx21

possible inside this btc halving cycle in log charts looks like a head and shoulders , or triple top. the bottom could be near 13-14k

gbdadx21

again Wyckoff , in last phase, fibo retracement with possible support in 22000

gbdadx21

btc usd in daily chart wycoff pattern in last phases. according 4 hs chart (symetric triangle near to finish, target 24k), next target near 22300.

gbdadx21

symetric triangle in 4h chart, bearish pattern. target near 24k in short

gbdadx21

the horizontal line is a bit arbitrary, I've taken the level 50% Fib retracement. the head and shoulders could take us below the prices we have seen last 2 years

gbdadx21

in my opinion there is a hch in this chart. rsi also is bearish.

gbdadx21

feeling bearish comparing the previous cycle with this... we are in a long trend bull but a middle term bearish market(in my opinion in short too) rsi support my feeling(divergence)

gbdadx21

eth/usdt daily chart with a rsi divergence since january 8th 2022 at least in my opinion , it is bearish in medium and long term