Many blessings to you dear companions
As you can see, Bitcoin is in daily time frame after hitting the floor of its previous ceiling
That is, the range of $ 67,000 moved down its own uptrend channel, after the collision
At the bottom of the channel, the 100-day moving average was able to prevent the price correction as the previous time (which is distorted with a black mark in the image).
In this area, the 50% Fibonacci zone and the 100-day moving average, the uptrend line of the channel floor as well as the good response of the RSI to the trend line are signs of a return to the trend.
Also in the range indicated in the image with black lines, we see an upward trend in the price pattern and a downward trend in the MACD histogram, which is a valid divergence of its kind.
And it has more resolution in 4-hour time frame.
But at the same time, financial markets are full of risk, and smart traders are always preparing for a downturn scenario.
At stake, in the event of a loss of $ 53,000 in regional support, the correction scenario deepens and due to the observation of a
The harmonic pattern AB = CD will correct in the middle of the daily price channel, first up to the 65% Fibonacci zone and finally the 200-day moving average.
As you can see, Bitcoin is in daily time frame after hitting the floor of its previous ceiling
That is, the range of $ 67,000 moved down its own uptrend channel, after the collision
At the bottom of the channel, the 100-day moving average was able to prevent the price correction as the previous time (which is distorted with a black mark in the image).
In this area, the 50% Fibonacci zone and the 100-day moving average, the uptrend line of the channel floor as well as the good response of the RSI to the trend line are signs of a return to the trend.
Also in the range indicated in the image with black lines, we see an upward trend in the price pattern and a downward trend in the MACD histogram, which is a valid divergence of its kind.
And it has more resolution in 4-hour time frame.
But at the same time, financial markets are full of risk, and smart traders are always preparing for a downturn scenario.
At stake, in the event of a loss of $ 53,000 in regional support, the correction scenario deepens and due to the observation of a
The harmonic pattern AB = CD will correct in the middle of the daily price channel, first up to the 65% Fibonacci zone and finally the 200-day moving average.