#BTC
-Hit the 200-day MA
-Oversold daily RSI !
-The price is down by 40% from the high!
-Fear & Greed index indicates ‘Extreme Fear’
-This might be the low, but we need to wait for the daily closure first!
-Hit the 200-day MA
-Oversold daily RSI !
-The price is down by 40% from the high!
-Fear & Greed index indicates ‘Extreme Fear’
-This might be the low, but we need to wait for the daily closure first!
#BTC is more likely going to consolidate between 32,000 & 45,000 for a while (I’d say for a couple of months, but that might change)
As long as the price holds the low on the closing basis, we are okay🤔
As long as the price holds the low on the closing basis, we are okay🤔
#BTC Chuvashov Fork
Downtrend 1 was broken, now we have to defend the support trendline (blue), make it back up to the Downtrend 2 and breakout out 📈
Downtrend 1 was broken, now we have to defend the support trendline (blue), make it back up to the Downtrend 2 and breakout out 📈
Cryptocurrency Planet
#BTC Chuvashov Fork Downtrend 1 was broken, now we have to defend the support trendline (blue), make it back up to the Downtrend 2 and breakout out 📈
#BTC looks weak
Maybe it’s time to look at it in terms of Wyckoff’s accumulation patterns
Anyways, the Chuvashov fork is still there and a break of the Downtrend 2 is what we need to be bullish
Maybe it’s time to look at it in terms of Wyckoff’s accumulation patterns
Anyways, the Chuvashov fork is still there and a break of the Downtrend 2 is what we need to be bullish
Is BTC fundamental still stable?
1. Spot purchasing, as of now, is still optimistic in a long term.
2. Derivatives would need prompt responses following changes in Market, and On-Chain Data.
If we investigate Stablecoins Ratio, Stablecoins/BTC in all Exchanges, Exchanges hold enough Stablecoins. When Exchanges hold enough Stablecoins, a bullish market. in a long term is expected through historical records.
The market is still unpredictable in a short term, and there’s a chance of a stiff price surge regarding the amount of Stablecoins in Exchanges.
1. Spot purchasing, as of now, is still optimistic in a long term.
2. Derivatives would need prompt responses following changes in Market, and On-Chain Data.
If we investigate Stablecoins Ratio, Stablecoins/BTC in all Exchanges, Exchanges hold enough Stablecoins. When Exchanges hold enough Stablecoins, a bullish market. in a long term is expected through historical records.
The market is still unpredictable in a short term, and there’s a chance of a stiff price surge regarding the amount of Stablecoins in Exchanges.
Cryptocurrency Planet
#BTC UPDATE!
#BTC finally moved!
And the move is down 📉
📍Bullish only if we make it all back to the Downtrend 2 and break it
And the move is down 📉
📍Bullish only if we make it all back to the Downtrend 2 and break it
Looks like #BTC has broken down a symmetric triangle
Be very cautious. The market is pretty vague
Bullish if the price rises above 200ema
Be very cautious. The market is pretty vague
Bullish if the price rises above 200ema
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