TRICKY BTC VOL2 - How can Bitcoin Get Rid of both Bulls&Bears
Updated
Lets check what market is up to right now...
Death and Golden Crosses
We have officially had our death cross yesterday
Most critical MA resistance, we have not passed the 20 MA yet which is really important for the bullish movements, until we stay below bear is waiting back for us
21 Weekly EMA is looking fine right now. Although our body is below it, a whole body close above it would signal a bullish turn, right now it is neutral
After holding 4 weeks of support at 100 ma, we finally pushed up and did not break it downside which is a good sign.
Daily 100 ma is not good at all. It is still a huge resistance above us. Still bearish...
Daily 150 ma is also not looking good. Still a huge resistance, a body break above it is crucial for the bull movements.
After 3 months of red HUGE monthly candles now we have a nice big green candle, however this does not change the bearish attitude I have for now, in all the bear markets there are green candles in between consecutive red ones
Our fear and greed index has turned neutral after a long time. Yes, this is a good sign but until we go above 65 levels, I do not consider this a bullish sign.
But looking good for now. No proof of trend reveral yet.
alternative.me/crypto/fear-and-greed-index/
53
Now
Neutral
Daily RSI is looking really powerful.
We at above 60 levels and now at a powerful resistance - yellow line -
Going above 70 can signal us a trend reversal.
Weekly RSI is also looking good and neutral. No proof of bull yet.
BTC dominance is still still bullish. Which means rather altseason or a bear crash or a huge bitcoin bull with altcoins crashing.
Death and Golden Crosses
We have officially had our death cross yesterday
Most critical MA resistance, we have not passed the 20 MA yet which is really important for the bullish movements, until we stay below bear is waiting back for us
21 Weekly EMA is looking fine right now. Although our body is below it, a whole body close above it would signal a bullish turn, right now it is neutral
After holding 4 weeks of support at 100 ma, we finally pushed up and did not break it downside which is a good sign.
Daily 100 ma is not good at all. It is still a huge resistance above us. Still bearish...
Daily 150 ma is also not looking good. Still a huge resistance, a body break above it is crucial for the bull movements.
After 3 months of red HUGE monthly candles now we have a nice big green candle, however this does not change the bearish attitude I have for now, in all the bear markets there are green candles in between consecutive red ones
Our fear and greed index has turned neutral after a long time. Yes, this is a good sign but until we go above 65 levels, I do not consider this a bullish sign.
But looking good for now. No proof of trend reveral yet.
alternative.me/crypto/fear-and-greed-index/
53
Now
Neutral
Daily RSI is looking really powerful.
We at above 60 levels and now at a powerful resistance - yellow line -
Going above 70 can signal us a trend reversal.
Weekly RSI is also looking good and neutral. No proof of bull yet.
BTC dominance is still still bullish. Which means rather altseason or a bear crash or a huge bitcoin bull with altcoins crashing.
Trade active
going great. taRGET is still the same. I will be updating ASAP - had been moving my house so was not active lately everyone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.