Positive RSI: Oversold Wait after breakout and Buy after retest. Take Profit at 0.382(30%) 0.5(50%), 0.618(20%)
Quick Analysis: -Incoming Double Top Formation -RSI: Oversold -RSI: Bearish Divergence LTF
It doesn't repeat but it rhymes, don't forget to put your eyes on macro landscape because only 'greed' look at the LTF
LTF (Lower Time Frame) is trying to show Hidden Bullish Divergence. p/s: This analysis invalid if BTC break my invalid box
It's too easy to say 'bTc tO tHe MOon' or 'bTc 100K tHis Year' without thinking how much capital that is needed to get there and almost $3.2B liquidated when BTC reached 52k (0.618 Level) This was my previous analysis when BTC bounced from 47K to 52K and crashed i.imgur(.)com/hOpuWZ9.png GLHF ! p/s: I could be wrong
If you planned to buy the dip in this corrective cycle, here i paste the meme that suits to you <3 RSI: Bearish divergence Momentum: Negative How many of moonbois rekt after BTC reached 52k ? Dont be part of them
1: Bearish Divergence - Top Reached 2: Bullish Divergence - Bull Start 3: Bearish Divergence - Top Reached 4: Still waiting for the Bullish Divergence as BTC didn't reached the bottom yet after this bull run
RSI shows positive sign, Bullish candlestick maybe going to test to 47k-50k before massive dump ?
RSI = Bullish Divergence. 1H,4H TF still bearish I try to catch wave 3 in Elliott Wave
Dead Cat Bounce ? 0.618 is important level for crypto market. Scenario: First Bounce: Able to close above 0.382 but unable to close above 0.50 FIB and continue its Downtrend (Stopped at 0.382 FIB Extension) Second Bounce (Prediction) : Able to close above 0.50 FIB but unable to close above 0.618 FIB and continue its Downtrend to USD240 - USD 262 ( 0.50 FIB Extension )
RSI is oversold and we are in wave A ( Elliott Wave ) maybe ? I could be wrong.. dont follow me . Gamble trade hahaha ! p/s: Panic Buying late to update
1W = Bearish 1D = Bearish 15 Min = Bearish Conclusion ? It's Short time
Bearish pennant ? but it is too risky to enter the trade because that 'moonboi' posted he is bEarIsh now. Everything is possible in crypto market, dont FOMO and GREED. "Be fearful when others are greed, be greedy when others are fearful" - Warren Buffett
(1) Wait for breakout and retest (2) TP1 at 0.5 Fibonacci Level (3) TP2 at 0.618 Fibonacci Level (4) Volume shows positive sign Dont Greed !
Macro landscape seems telling us a bigger correction is about to happen. Remember every hidden bearish divergence on RSI might lead to downwards. Tighten your seatbelt, crypto winter is coming very soon
Hi everyone, If BTC cant hold above 51k, i believe we will see a massive correction very soon. If you're in doubt, just look to the left
If BTC cant hold above 0.786 level(50k), we will see a massive correction from 49k to 33k. To Bull: Dear bull, you can see it's clearly 'copy-paste' pattern from Dec 2020 to April 2021. GLHF !