Bitcoin will bleed again
Bitcoin is at a very critical point.
from below there is still support from the weeks 200 EMA. from the top comes the hard 200 EMA on daily basis we see the past we see that the course has already failed several times.
furthermore, the 23er fibonacci could not be held after the strong decay of the BTC.
After a very strong case like we currently have it, the 23 fibonacci is a very popular correction point. The angle is almost vertical to the south, which is a very bearish sign. Many stops were swept out of the market and panic sales started.
We can see that there was also a bearish engulfing after the 2 test.
it remains exciting if and how long the 200 EMA holds. However, I assume that the EMA will somehow surrender and we will see prices near 1000 very quickly.
If the BTC succeeds in breaching the 4400 sustainably, it could backtest the 6000s. Then it would be exciting if the course can hold. If he consulates in this price level, the probability of a breakthrough increases.
I currently estimate the market as follows:
We will continue to consolidate between 3200 and 4400. The longer the market remains at the 200 EMA, the greater the likelihood of a breakthrough.
We are approaching the longest bear market in Bitcoin history. Comparing the 10-year history, one finds that there has never been such a profitable bull market as the last. Thus, a correction to 1000 would be completely fine.
In addition, we currently have a very weak volume and the MACD indicator is close to a bearish divergence.
enjoy the way
logindaten
from below there is still support from the weeks 200 EMA. from the top comes the hard 200 EMA on daily basis we see the past we see that the course has already failed several times.
furthermore, the 23er fibonacci could not be held after the strong decay of the BTC.
After a very strong case like we currently have it, the 23 fibonacci is a very popular correction point. The angle is almost vertical to the south, which is a very bearish sign. Many stops were swept out of the market and panic sales started.
We can see that there was also a bearish engulfing after the 2 test.
it remains exciting if and how long the 200 EMA holds. However, I assume that the EMA will somehow surrender and we will see prices near 1000 very quickly.
If the BTC succeeds in breaching the 4400 sustainably, it could backtest the 6000s. Then it would be exciting if the course can hold. If he consulates in this price level, the probability of a breakthrough increases.
I currently estimate the market as follows:
We will continue to consolidate between 3200 and 4400. The longer the market remains at the 200 EMA, the greater the likelihood of a breakthrough.
We are approaching the longest bear market in Bitcoin history. Comparing the 10-year history, one finds that there has never been such a profitable bull market as the last. Thus, a correction to 1000 would be completely fine.
In addition, we currently have a very weak volume and the MACD indicator is close to a bearish divergence.
enjoy the way
logindaten
Nota
Today we see again an ideal example of pump and dump.The FOMO wave breaks out again and there will be more decisions.
Unfortunately, we are still in a bear market and will not leave it for a while.
however, what is an interesting scenario is the fact that for the second time we bounced off the important 200 EMA.
It will show how the market behaves the next time.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.