⚠️Time to be cautious since there is a TD-9 Sell on the Daily BTC chart
📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks
If we don’t manage to close above the resistance level today, this will look like a perfect top
In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks
If we don’t manage to close above the resistance level today, this will look like a perfect top
In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
BTC analysis
I believe we are not done with this pullback until the CME Gap is filled
The 200-Day EMA is coming right there + the declining resistance trendline from last year’s high
A retest of that area will be pretty textbook
💭 It’s just a pullback inside a bigger bullish structure
I believe we are not done with this pullback until the CME Gap is filled
The 200-Day EMA is coming right there + the declining resistance trendline from last year’s high
A retest of that area will be pretty textbook
💭 It’s just a pullback inside a bigger bullish structure
Eth will potentially hit 10k-15k dollar within this year. One of the best asset of the year 2021.
BTC/USDT analysis 📊
1D Time Frame ⏳
➡️ Today is a correction day for BTC with the price losing almost -20% intra day so far.
➡️ The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming its importance bias.
➡️ If BTC manages to close the session above it, it will be a buy opportunity similar that the 1D MA50 gave from October 2020 until the April 14 2021 All Time High.
➡️ If not, then the 1W MA50 (bold red trend-line) is the next support line.
➡️ The next Fib to fill is the 0.786 at roughly $54,400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of $53,000 - $59,700.
1D Time Frame ⏳
➡️ Today is a correction day for BTC with the price losing almost -20% intra day so far.
➡️ The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming its importance bias.
➡️ If BTC manages to close the session above it, it will be a buy opportunity similar that the 1D MA50 gave from October 2020 until the April 14 2021 All Time High.
➡️ If not, then the 1W MA50 (bold red trend-line) is the next support line.
➡️ The next Fib to fill is the 0.786 at roughly $54,400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of $53,000 - $59,700.
Cryptomadcap
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