Bit of support on the fib channel. Bitcoin ( BTC ).
Looking at the four hour ( 4HR ) on Bitcoin (BTCUSD). Its a tad sloppy, not the most perfect H&S pattern we have seen, but i do see potential in this playing out and taking us further down. Also, we haven't been able to get past the fib i have highlighted in my last charts. I am short. And as long as don't move past the key resistance area... Well, then I think I...
Looking a bit overbought. Good time for a quick long
( GBP / GBPUSD ) Similar Patterns I recognise as well as being oversold on RSI. Just a tad over our short term res./supp. Good time to short
At this point in time im not 100% bearish. But what I do think is that we do have divergence on the daily and we have been oversold for quite a while. What I will say to add to the bullish sentiment, is that we have closed above the 200 on the daily. That is usally a really good sign, but short term I think we need a correction.
Be on standby ( BTC ). Bitcoin at major resistance now
Important fib on BTC . RSI oversold as well as bearish divergence. There are still bearish elements in this scenario. I have scalped throughout the pump but i think now is the time for a healthy correction.
Fib is from 20k > 3k low. Watch out for this area
Halving needs to get hodlers and newcomers to pump in 210 Billion before 20k happens. There is plenty of room for more downside.
Bitcoin ( BTC ) is at a spot where we have some key supports. It'll be a bit to get past them since bulls will be defending the lifes out of them. So, I assume we will consolidate, have a couple mini pumps and continue this pattern for a while until we break through most of the major support levels bulls still have left. Also, we are getting close to being back in...
Good short entry would be when/if we touch the 50 EMA on the one hour. Bitcoin ( BTC ) Is in a downtrend, check EMA and MA to find that out very easily. So, now it's just about finding the best times for you to be shorting.