BTC: Short term Bear, Long term Bull
BTC chart has shown a previous switch to the short term bear with long-term bull. This recent push is believed not to be a rally but a minor push before a small pullback before the next move.
Please let me know your thoughts / Ideas. Personally mostly holding with a short term Grid bot to buy the dip.
Overall it looks like the market is bullish moving upwards over the coming weeks, however the previous bearish divergence on the 4 h is expected to continue through the next week with price retracing to resistance level between $41,700 (Daily Kijun, Weekly EMA 9, and close to the 0.38 Fib retracement) and $38,700 (0.5 Fib retracement and weekly Tenkan-Sen). These numbers will adjust as the figures unfold and timing of the pull back. Once price pulls back to these numbers the overarching bullish nature will cause an increase in momentum which should be observed through breakouts in lower time frames.
Signals across different timeframes.
1h -
Bull signals: Cloud break, MACD bull cross.
Bear signals: MACD looks to be topping out (not strictly bearish but not bullish)
4h -
Bull signals: MACD bull cross.
Fake Bull signal: Cloud break is not a buy signal as cloud still bearish, TK cross has not happened and signal line not really above price (weak).
Bear signals: No strictly bearish signals other than the fake cloud break bull signal.
1D -
Bull signals: Previous cloud break could still be in motion. No other buy signals
Bear Signals: MACD cross
1W -
Bull: MACD Cross, 9 EMA crossing 26 EMA,
Bear: Oversold compared with the Tenkan-Sen line
Please let me know your thoughts / Ideas. Personally mostly holding with a short term Grid bot to buy the dip.
Overall it looks like the market is bullish moving upwards over the coming weeks, however the previous bearish divergence on the 4 h is expected to continue through the next week with price retracing to resistance level between $41,700 (Daily Kijun, Weekly EMA 9, and close to the 0.38 Fib retracement) and $38,700 (0.5 Fib retracement and weekly Tenkan-Sen). These numbers will adjust as the figures unfold and timing of the pull back. Once price pulls back to these numbers the overarching bullish nature will cause an increase in momentum which should be observed through breakouts in lower time frames.
Signals across different timeframes.
1h -
Bull signals: Cloud break, MACD bull cross.
Bear signals: MACD looks to be topping out (not strictly bearish but not bullish)
4h -
Bull signals: MACD bull cross.
Fake Bull signal: Cloud break is not a buy signal as cloud still bearish, TK cross has not happened and signal line not really above price (weak).
Bear signals: No strictly bearish signals other than the fake cloud break bull signal.
1D -
Bull signals: Previous cloud break could still be in motion. No other buy signals
Bear Signals: MACD cross
1W -
Bull: MACD Cross, 9 EMA crossing 26 EMA,
Bear: Oversold compared with the Tenkan-Sen line
Comentário:
15min - Bearish divergent across MACD and price