BTC is about to invade 2 year Moving Average ๐ฐโ ๏ธ*๐ป*โ ๏ธ๐ฐ
ืืขืืืื
Hi everyone ๐๐ฝ
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSD- Daily Time Frame - Candlesticks
๐ Support Zone - Demand Zone - Fibonacci - Tops and bottoms - Fundamental - Sentimental
๐๐ฝ I would like to say hi to anyone reading this
๐ So with all these chaos happening early 2022, let's talk about BTCUSD and decide whether we are already in a bear market or not.
๐First of all I would like to name a view of these chaos happening all around the world and why 2022 IS a very wild year :)
1- Internet shutdown in Kazakhstan; because of protest against oil price
2- Russia threatening Ukraine and a possible war between these 2 countries
3- Truckers protests in Canada
4- China Taiwan dispute
5- Hyperinflation
๐ So far, 2022 didn't start very well, did it? So it would be no surprise if BTC is dipping in these months but what is going to happen ?
โ๐ผ Based on historical technical analysis we have a very strong technical indicator which is 2 Year Moving Average:
In simple word if the price touches or closes below the lower band there could be a bullish momentum and if it does touch or open above the upper band there could be a bearish momentum
๐ We are getting closer and closer to the lower band and prices continues to fall, so we might get back to 30k's range or even lower for a bigger move
โ๐ผ I've already introduced several TOPs and BOTs in the chart. The TOPs are based on Fibonacci extension levels such as 1.27% or 1.618% , etc. and the BOTs levels are the 0.23% , 0.382% , 0.5% , etc retracements
๐ I personally think we might see another dip to the 30k's level before another rally.
โ ๏ธ But, I have another case scenario:
Because of all these bad news happening all around the world we might be seeing very lower prices and it may be harder to BTC to recover from that.
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSD- Daily Time Frame - Candlesticks
๐ Support Zone - Demand Zone - Fibonacci - Tops and bottoms - Fundamental - Sentimental
๐๐ฝ I would like to say hi to anyone reading this
๐ So with all these chaos happening early 2022, let's talk about BTCUSD and decide whether we are already in a bear market or not.
๐First of all I would like to name a view of these chaos happening all around the world and why 2022 IS a very wild year :)
1- Internet shutdown in Kazakhstan; because of protest against oil price
2- Russia threatening Ukraine and a possible war between these 2 countries
3- Truckers protests in Canada
4- China Taiwan dispute
5- Hyperinflation
๐ So far, 2022 didn't start very well, did it? So it would be no surprise if BTC is dipping in these months but what is going to happen ?
โ๐ผ Based on historical technical analysis we have a very strong technical indicator which is 2 Year Moving Average:
In simple word if the price touches or closes below the lower band there could be a bullish momentum and if it does touch or open above the upper band there could be a bearish momentum
๐ We are getting closer and closer to the lower band and prices continues to fall, so we might get back to 30k's range or even lower for a bigger move
โ๐ผ I've already introduced several TOPs and BOTs in the chart. The TOPs are based on Fibonacci extension levels such as 1.27% or 1.618% , etc. and the BOTs levels are the 0.23% , 0.382% , 0.5% , etc retracements
๐ I personally think we might see another dip to the 30k's level before another rally.
โ ๏ธ But, I have another case scenario:
Because of all these bad news happening all around the world we might be seeing very lower prices and it may be harder to BTC to recover from that.
ืืขืจื
So, How to react to the possible scenarios? This the Bitcoin long term regression indicator:
If the price manages to touch the white band and recover from movement, I would be taking long positions and invest in crypto again, if not we might go lower and lower in the price
ืืขืจื
Keep an eye on the monthly bitcoin ichimoku cloud and the kijunsen Again if the price brutally break the price we will be seeing lower and lower price, if not the price may again see another ATH
ืขืกืงื ืคืขืืื
In daily time frame price is probably making a " Bullish Bat Pattern " and the target for this bullish harmonic pattern sits around 42k again ! ืืขืจื
Still we are able to see a bullish divergence in H:4 time fram and weekly time frame but not the daily time frame; that's very interesting
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
First Target reached successfullyืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
Second Target reached successfully
ืืชื ืืืชืืจ
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