Just for fun a chart with focus on the RSI. Possible H&S (on RSI) detected. And maybe a divergence?
When looking at the history of the chart I see that the 100MA and especially the 200MA on the 15m and 5m timeframes often are resistance levels after a strong and fast dump. These are possible sell/short entries on the way down if you missed the first wave. Always set a stop loss and try to trail it down when the dump continues.
I zoomed in after my weekly analysis. I see a strong resistance zone at the 7400-7700 levels. On the chart is the 200MA and the 700MA(=100MA from the weekly). Also I have drawn a short-time Fibonacci retracement with the 1.618 at similar levels. A strong reversal in this area would be a bullish sign, it may complete a giant bullflag. RSI is also looking...
Hi, I found a MovingAverage fractal on the weekly chart, maybe we are on our way to test the weekly 100MA to confirm the bull market. Also very interesting : the current neckline of the H&S pattern is almost parallel to the neckline of the H&S pattern in 2017/2018.
In my last post I showed a bearish view of BTC for the mid term. But its Crypto and everything is possible. The Chart also shows a big bullpenant, also a flag pattern is possible. Price is currently fighting around the lower trend line of the bullpenant, which is also the neckline of the big H&S from my other post. In this post I use moving averages to visualise...
Zoomed Out chart of BTC, with 2 longtime fibonaccis, these are important support/resistance levels or zones. Also a big H&S pattern is visible on the chart, its finished and below the neckline at the moment.
ETH/BTC shows signs of a reversal, double bottom build and downtrend line broken, RSI also looks good. Maybe it will go straight up, but its also possible that it retests the downtrend line or builds a triple bottom.
Maybe a small H&S will play out and trigger the big one on the daily, different timeframe same neckline. Just an idea for paper trading