BTC on the daily chart broke the 58k low to make a new low at 55600. The 4hr chart is also in line with the daily chart although I expect a range between 55600 and 60k before distributing either downward or upward, if there is an upward distribution then we can target 70k but if there is a downward distribution, there is an Order block at 42k to be tested which...
Bitcoin has been in an uptrend for quite a while now but the trend is gradually getting weaker. If the third fan trendline gets broken and a crossover on the daily Macd confluences with the weekly candle closure below 60,000 we might be heading down to the 53000 support zone which will be a major correction for future upward movement. I remain neutral until...
Few days ago I talked about Ada retesting the previous ATH, Price is back into the order block, a candle close beneath the order block invalidates the order block. The formation of a bullish reversal candlestick pattern validates the order block and we can see Ada continuing the upward movement
Ada has been on a steady uptrend for a while now but will the uptrend continue or will there be a pullback. I see a complete round retest of the previous ATH level before continuing the uptrend, the retest will confluence with the 0.38 fib speed fan resistance trendline which was the supporting trendline for the uptrend. A triple top is also in formation with...
BTC has been trading sideways for a while now with a major support at 42500 and the resistance at 50k. Both levels serves as important psychological points for traders. Price coming back to retest the 43k zone which also serves as the 0.38 on the fib will see price touching the 200hr moving average.
