bearish divergence unfolding in the charts on both four hour and 1 day.
moving averages being tested . now getting ready for next move up and next all time high
on daily time frame it had already formed a double bottom structure. on 4 hour - its printing bullish divergence. Just a matter of time it ill start flying.
gearing up for next major upside move to break all time high
Almost forming a falling wedge in one day time frame. And its tested the golden ratio twice approximately. If btc move sideways then there is high probability of trend reversal and turning bullish. Have to wait for confirmation of breakout.
testing weekly resistance if it gets through 1st target will be .022 and .0257 (second )
double bottom formation in 4 hour time frame Bitcoin dominance decreasing slowly Rebounded back from golden ratio. Soon we see price spike up
consolidating over weekly +daily+4hr+1hour moving averages if it can consolidate then we may see price surging , price targets marked.
on weekly time frame it almost tested the golden ratio/weekly support since 2017 and got immediately bought up. It is very likely that this time it will make higher highs and trend reversal.
LTC right now is testing the weekly resistance and if it can hold and consolidate over the weekly resistance we may soon see bullish sentiments and momentum pushing price up.The RSI also has been cooled of a bit after the flash crash.Its time we may soon see upward push if the volatility of bitcoin and dominance don't fluctuate much.
1hour time frame forming head and shoulder . If the neck line doesn't hold we may see price fall soon.
4 hour time frame doji candle formed. got rejected by the weekly support as well the descending triangle formation.
not exact but almost maintaining a lower high after lower high trajectory in a descending triangle formation.
getting supported by golden ratio and again getting rejected at the top of descending triangle.
As long as the price is in the upward channel it will remain bullish. The funding rate is also too much negative suggesting upward momentum to clear out short sellers.
4 hour bearish divergence volume profile decreasing
if it breaks the weekly resistance..then we are off to races.