BTC outlook 12/14

14 de dez. de 2021

BTC short term marked by blue line

Incresed volume on downtrend creating stopping volume and long wicks on the down side indicate buyers support. Possibly start of buyers climax

Within 2 weeks we should see price going back to 56k level, thanks to big volume gap between levels of 50k and 56k.

Fear and greed index at 21 indicating extreme fear, which is usually good place to set buy orders. However we are still in down trending channel and can see another dump to 44k region

15 de dez. de 2021

Nota

During the dump in the last 48 hours from level 49k to 46500 and subsequent rise and another dump to the same levels - we can see increasing average volume indicating strong buyer support.
This could be the bottom or we are getting closer to it.
Currently price is heading toward POC at 48300 so the market can find balance.
Blue zigzag line still in play

17 de dez. de 2021

Nota

Fear and greed index at bouncing between 16 and 29 indicating extreme fear and fear.

Analysis still in play. Price continues to go along the marked blued line.

Today's morning long wick below 46500 level could be an anomaly indicating local trend reversal, but the volume momentum is still pushing price down.

44k level likely to play out in the next couple of days.

20 de dez. de 2021

Nota

Generally still bearish conditions.
Downtrend since ATH and another smaller since dump on 3rd Dec.

Currently at the bottom edge Volume Value Area.

Price found second bottom marked by first one on 17th Dec at 45700.

At the same time downward momentum is slowing down.

22 de dez. de 2021

Nota

Price break out of the long term channel forming since ATH. From price action perspective this indicates potential move up to levels from before 3rd Dec

Double bottom formed between 16th and 20th Dec. Price found support at 46500 level

VPVR currently at the VAH with volume gap until the next value area at 56k. POC line close to VAH indicating support from buyers.

Last 2 weeks price create hidden bullish divergence with RSI

Fear and greed index at 45, up 18 points from yesterday's 27 indicating optimism in the market

26 de dez. de 2021

Nota

Slight downtrend on daily since 24th Dec is not supported by volume hence it can be treated as a test of mark up and we are going further up. Big volume gap until 56k waiting to be filled.

However drop down to POC level at 48400 before move up is possible.

28 de dez. de 2021

Nota

6H: Sellers still in control of the price.
Congestion zone at 49200 failed
Daily and 12h timeframe - downtrend confirmed by volume.