most likely the blue line would happen, no momentum support bulls
My previous speculation has just got proved. Wow! I even doubt myself. Now as Bitcoin breaks all resistance areas, I have confidence to believe at lease a small bull trend is now on. This update is my comprehensive wave analysis from history peak to now. I see the bear was already over as ABC downside waves ended on 14th of December. And now is the first wave of...
Since Feb 24th, MA100 has been tested twice and all hold; after that EMA50 has also been tested twice and same (once the price touch EMA50, the price bounced up sharply). Plus, it's the first time that EMA50 crossed above MA100 since 2018 and the price hold steadily. ( You can see history data once EMA50 crossed above MA100, bull trend came.) I have reason to...
5200 is expected in technical analysis.but that's the most promising movement, following Wyckoff cycle.
I didn't expect it falling to new low yesterday, but now the market seems very bearish, even no fierce bouncing up yesterday after BTC hit the bottom. Now BTC is fluctuate around the bottom with limit range; the market is quite cold. My previous post said that if BTC break upper trend line of the falling wedge, it may start a bullish run; but through today's...
Expecting a bullish trend in mid-term if BTC break the upper trend line of the falling wedge! with RSI divergence confirmed.
like the title, and with RSI divergence ascertained. but if BTC break 3760 and form a new low then straight to the area between 3000 and 2900, and form a temporarily mid-term bottom.