on 12-hour time frame Bitcoin is pulling back to the EMA which will be 41500-42k. also we can expect the cloud and EMA to act as supports for bitcoin. if bitcoin lose these two supports lower targets can be reached.
Bitcoin is trying to break out the cloud in daily time frame that acts as a major resistance for now. Next two daily candles are very important. let's see what will happen??
chart shows negative divergence in USDT.D in monthly time frame. this divergence was confirmed by breaking down the orange line. for now USDT.D is pulling back to the line. after that I expect USDT.D will decrease more.
it seems that bitcoin touched the upper bond of the Bollinger Band. in the history of 15h timeframe, whenever it touched the upper bond of the Bollinger we had a correction. wait to see what will happen.be careful about new positions!!!!!
for now bitcoin pulled back to the trend line in weekly time frame. ichi cloud would be a good support for bitcoin. IMO we will be in a range zone 40k-50k for september.
possible targets are shown by Fibonacci levels for QIUSDT. we do not have enough history to show the resistances and supports so Fibo could be a good choice.
CVCUSDT is moving in a channel. the upper bound of the channel is a strong resistance bc it covers with 0.37 resistance that makes it more valid. for now if bitcoin close 4H candle above 50K, we can think about buying new alts. so for now be careful.
as I have posted on Aug 14 about the negative divergence, finally it did happen and was confirmed by breaking the trend line. for now bitcoin is pulling back to the breaking trend line.
OGNUSDT has broken out its bearish trendline and also the pullback has been completed. for now it is moving in a channel, if it can break out the upper bound of daily price channel, it will start a good move. possible targets are shown in the chart.
due to the previous post, divergence was confirmed and the pullback has been completed. bitcoin price could not move above the trendline. possible supports are shown. and THE DAILY negative divergence is also seen in the RSI.