i see a possible bear flag in formation from the last dump from 7400 level , and things not getting good for BTC since the flow of money getting weaker and weaker , the possible outcomes for now ill prefer to keep shorting 6600 level (21 ema) and close the short if we get a daily close above 21 ema(orange line) aka the change of trend and i would like to open my...
since the daily chart stoch rsi , and rsi shows overbought condition and we are heading to 1.618 ext of last rally down on daily chart , and counting wave 4 extension of 3.618 fib , and could be a great short opportunity for overdue correction
if this breaks above 6460 , we can see a rally towards 6.7-6.8k levels again , and in breaks below the bearish pennant then we can see a test of 6.2k which gonna be a crucial support level for the bullish case , and if we break that , much more panic gonna enter the market things to notice we are at a good support level , near 6.2k , shorts again at ATH , we...
seeing the todays price action BTC was asking for a good retrace on many timeframes and with the bearish div on 4 hour chart it started all , though the bulls were loosing momentum the finex whale was forcing to close short position , well being said that here is an quick update if btc has just touched the channel support on daily chart , being said that if btc...
i have drawn the supports for selfkey a good bounce from 220 or 180 is highly possible , the rsi on 4h is also below shows its currently too much oversold and a good place to buy ill update the targets to sell as the buyers are back
not a financial advice , it broken the downward wedge upwards and should move up now
not a financial advice , like if you find it good target 1 - 1600 sats target 2 - 1800 sats target 3- 2000 sats
bcn slowly nearing to test the major support at 30sats
eos will test 10$ and should confirm it as resistance then a crash to 4.5$ most likely
btc nearing to its 5.4k major support level where we may bottom out and soon see a W shaped recovery :D since we broked 5.8K so bears may not yet be done
just my thoughts , not a financial advice , :)