Bitcoin Daily. Market about to fiercely squeeze down?The ppo looks pretty topped on the daily.
Camarilla weekly levels in H1-3 look strong.
Momentum oscillators around the clock worn to the bone
Squeeze indicator PPO and Resistance/supports+pivvots based on previous price action looks like heavy down might possibly be imminent
Thoughts?
Short-btc
BTCUSD Hourly Dropping LowerBTCUSD is looking to possibly lose the $7000 level. The 1-hour chart showing that the trend could be continuing lower.
The levels we must keep in mind are the following: 5859.90, 6617.8 - 7382.5, 8107.80
What do we have here?
✔️ Triangle Breakdown
✔️ Struggling Push High
Thank you, Connor,
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Weekly camarilla levels. H3 potential short?there is a gap above 7150 to 7300.
Best wait until daily levels open to see where price is for confirmation.
Typically you short H3 for the target of L3 (r3 s3) and you would manage risk at H4. being that there is a gap. H5 might be better. or halfway between the two
the bottom indicator shows momentum on small time frames starting to get weak. up to a 3hour and moving onward.
Lets see what happen
Slow bleedBTC fell through a linear trend line. Forming a little descending parallel channel. Probably going to break upward for now but continue down in the pitchfork channel. Doubt we'll see any big moves since BTC doesn't seem to want to go anywhere these days without holding stock market indices' hand.
BITCOIN BULL PENNANT ON THE 15 MIN CHART! the theory of this bull pennant is clear. the RSI is overbought, the MACD is looking a little hot, bitcoin will cool off for a couple hours before deciding which way to break.
Recently bitcoin has been bucking the trend and dumping through bullish formations so we shall see how it goes.
BTC Short, then LONGI think BTC is going to short and maybe hit and test the $5000 price point before making a bull run back to 10K right before the halfing and after I believe BTC will go long.
According to my calculus based analysis of the market, right now were in a Neutral zone on the day-to-day. Both derivatives are pretty much at zero indicating a neutral day-to-day, but I definitely expect that to change with todays closing price, that will give the best indicator as to the velocity and acceleration of the BTC price.
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Ethereum Classic Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions