Observed interesting pattern from last bull rally of BitCoin. Analysis of post Death Cross activity before the previous bull run and predicted the same for the next bull run. As per the Price downfall, BTC already covered the expected downfall of 9108 $. Presently expecting sideways movement before bull run. As per Date Measurement, 16th Feb 2022 is the estimated...
Bears continue to dominate the crypto markets as almost all the major crypto assets fell by more than 7% in the last week. BTC formed a weekly bearish candlestick pattern with ~ 9% decline, also, BTC witnessed is its 6th consecutive week of institutional outflows. However, it is still holding the $30-$31K support zone and at the time of writing, BTC is trading...
BTC continues remain bearish...
Death cross almost done...
Important levels to watch now...
Upside - 37K, 42K
Downside- If 35200 breaks, high chance of 32K
Upside- If 42K breaks, BTC rally will start again
Downside- If 32K breaks on daily, high chance of 18K
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Welcome to this quick update everyone,
In Daily timeframe Chart, Death Cross Confirmed in 1D Chart ✅
So far Bitcoin is Moving Inside the 34-41k S/R Range..
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
If Daily candle Closed Below the 34.5k Support, Bitcoin Might Retest the 31k Horizontal Support Area 📉
A close above...
Just a continuation of previous idea. (Link below)
Now that the death cross is confirmed (on MAs, namely 50 and 200 MAs), I believe the price action I'm guessing is on track. We'll see more downside soon (down to 20K-ish). That, of course, given there is no external influence (Elon's tweet for example).
When shows up, Death cross historically mirrors the...
Just to give a visual guidance on the relation between BTC Halving and price action including any Golden/Death Crosses found therein.
Disclaimer: precision maybe a little bit off as I made this on my smartphone.)
A Golden Cross appeared on 10/9/2021 with the following criteria:
1. Existing uptrend
2. Confirmation of GC on 11/18/2021
3. Continuation of an uptrend
This Bull run lasted until a Death Cross was spotted on 3/30/2021 with the following criteria:
1. There was an existing uptrend
2. DC occurs
3. Confirmation of existing downtrend
I conducted my analysis on a 4 hour...
The yellow trend line has not been broken since 2017. Zoom in and witness the support level is around 6445. This is a very crucial support level. During Feb low (6000), the trend line was still active. MACD also suggesting sell-off and RSI suggesting oversold.
• On 4H chart, BTC is forming a double bottom with the base at 6000. If this is followed,...