btc is continously trying to hold th range of 19.7-20k as lower support and 20350-20400 as imeediate support for push todarwds first resistance 20800 . So if btc succeeds in staying above 20800 then we might se 21300 , 21800 , 22500 , 22800 with local resistance at each. So btc much be above 20400 for now . , else if goes down shouldpull back froom 19.7-19.5k range
The Bitcoin 1 Hour chart is Getting Showing The Sign The Great Dip For Bitcoin Hold On And Invest Partialliy , The Volume On Exchanges is Too Low , I Think BTC Can't Withstand 20k Support
Several confluences showing on Vmc Cipher indicator with the Gold buy signal dot.
Several divergences, increasing money flow, bottom momentum waves getting smaller,
1.Blue Anker (very low) wave on gold dot
2.Smaller wave Anker (not a good trigger wave/entry point bc $$ flow not close enough to flipping zero line)
3.Smaller Blue wave (trigger wave) money flowing...
On the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions).
On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions).
Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese...
Rsi is indicating and up move in bitcoin in coming sessions possibly although it is the most risky to take now in pf do watch your setup very strictly if you are into this
A bearish pennant is a pattern that is similar to a bearish flag. The only difference between a pennant and a flag is the fact that the flag is shaped like a rectangle while a pennant has a triangle shape.
A bearish flag forms after a financial asset forms a major dip. Shortly afterwards, the asset forms a consolidation pattern that resembles a triangle. It has a...
Double bottoms has been formed on 1-hr Bitcoin Chart and neckline has also been broken... so you just have to wait for retest and after a successful retest enter into Buy trade.. I am not going into the details as i am assuming that you know about Double Bottoms Pattern.. if you have any query and suggestion.. Please Comment.
Checked using multiple algo indicators. Bitcoin July Predication for the bear market we are currently in with all the fed rate hikes and inflation. We are in a major sell off market. If BTC breaks below its first target as on chart its gonna keep falling due to lack of support and resitance levels.
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