10 March - Thin Red Line between the Bulls and the Bears

تم تحديثه
Finally BTC is recovering and it seems to be wanting to breach the double top neck line. If that's successful, 9300 will become the new support. 4hr Stochastic RSI indicates that we should be on our way to breach that level. And if it breaks up with volume and momentum, we should see BTC returning to 11k ranges in the next few days. Otherwise, we might go down to 8K ranges again. Will update soon.

*** Educational purposes only ***
ملاحظة
لقطة

In the grand scheme of the 2hr timeframe, it looks like a double bottom and hopefully we might reach 9750.
ملاحظة
correction: 9650.
ملاحظة
لقطة

We have been channelling inside the blue channel, inside the ascending triangle for a few hours already. Lower timeframes are showing signs of oversold condition meaning we might see a small correction. Higher timeframes 4hr and daily are promising still. My guess is we shouldn't see the 8k ranges anymore but if we come down to the late 8k - early 9k ranges, we should be able to bounce back quickly.
ملاحظة
I believe we have one more hurdle to go. Fear not however, I also believe the correction will not be anything drastic (fingers crossed) compared to the past few days.
ملاحظة
لقطة
ملاحظة
We did nearly hit 9600 (95xx) before we correct to our current position. Hopefully this is the last correction. I can't bear to see it anymore.
ملاحظة
لقطة
ملاحظة
Are we breaking down or not?

لقطة
ملاحظة
Right we went down briefly into 92's. 1 Day RSI - bullish. We are good.

لقطة

I believe we are coming back up above 10's tomorrow. Fingers crossed.
ملاحظة
Bull flag
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsTrend AnalysisWave Analysis

يعمل أيضًا:

إخلاء المسؤولية