Bitcoin taking a stable stand and it’s just moving between the level of ema 20 and 50 but rsi is up so as the market cap soon it will stop sideways movement and breakout the resistance and back to the sweet spot of 42200
A double shoulder bullish pattern is forming so a pump is ahead without guys its a matter of minutes now.
Was looking on the RSI chart and what amused me is that on 30 mins pattern from dip to top is 8:30hr every single time and its prominent and playing the same pattern for quite a long.
RSI was taking a support of level 40 and here’s it again holding to that support hope this support plays out and then we can expect the pump as from yesterday it was showing a hidden bullish diversion.
Be aware of 40400 level and the below support level would be 40200 to 40000
Currently 20 days moving average is acting as the resistance but it will be broken in next try two try has been done but if not broken then 40000 will act as support
Right now there is a bounce but be aware volume is not there so definitely it’s a pump game going on but take a note that pump will definitely happen in the weekend as weekly candle need to maintain its effinity so hold tight but 40600 keep that in mind
One by one its breaking all the major resistance levels hopping for the weekend boost and hooping to see 42200 as the support. Hoping that Monday will stop this blood sheds. Opening any trade is not recommended now but rather d.c.a. Can be done on every dip. Can create an alert for RSI level 40 in trading view and buy the dips until it stops
It seams that the chart is following some specific trendline and moving in pretty small pace though its a steady movement and if it continues in the same pace then it can restore its pride by tomorrow 9 am in the morning . • important levels as of now the downfall will continue upto 40800 level in next one hour and will batch up upto the level of 41000 level by...
After the us news of Russia invading Ukrain the market cap is pretty low and it has broken the rsi support after a long time it was ranging from 40 to 32 max but in last one hour rsi hit 24 and believe me no TA can predict that movement.. 43400 is the sky now hoping for the best currently 1200$ in loss but holding my breath.. pls do hold next two days is crucial...
It seems market still in panic though Russia Ukrainian situation is better but a likely bearish pattern is showing up though the rsi is getting higher but market cap is low and hence movements are unpredictable right now…hoping up to reach 43800 level by end of day.
RSI is showing a bullish diversion again get ready for pump probability to reach 43000 to 43200 and it’s important to weekly candle closing also so buckle up :)
Volume is still a concern and hence need to be careful anything can happen…but as per the current scenario 42600 will act as the major resistance for few more hour and it will try to break the trend approximately after 4 hr or at least 5:30 ist candle closing. Current support lies in the range of 42300. Happy trading guys
RSI is sowing a hidden bullish diversion, though that’s pretty small but volume is still a concern as per the data it’s evident that it has crossed 0.38 lavel in the 30 minute candle and it has probability to reach up to 43000 or 43200. Though a bearish pattern is forming so this bullish move will take a down trend and it will hit level 0.5 or 42700 in figure and...
Shark entry it will bull run now 43800 next stoppage