It could be the last chance for BTC ๐ฆฌ
Hi everyone ๐๐ฝ
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSDT- Daily Time Frame - Candlesticks
๐ Bull Flag - Fractal - Support Resistance zone
๐So, BTC is playing around the 45k - 48k price zones lately and decisions are really hard to make at the moment. Therefore most of the traders have no clue in which direction price may go further.
๐I can see a possible bull flag here like the one we have seen at September this year.
๐ This bull flag is also combined with a three drive pattern which also can be seen here in the chart. Both scenarios are bullish for mid-long term
๐ There is also a bullish divergence in daily time frame in RSI which can make the price grow
BUT
๐ There are a couple of new scary bearish signs in sight, like:
1- HUGE monthly bearish divergence
2- Double Top in monthly time frame
3- Double Top in weekly time frame
4- Double Top in daily time frame
5- Close of the RSI below 50 level in weekly time frame
6- Daily ichimoku cloud
7- POSSIBLE Death cross in daily EMAs
8- Close of daily candles under the 200 EMA
๐๐ผ Here is the RSI bearish divergence along with double top pattern which is really scary, and the scariest bearish sign that can reverse the price
๐ In conclusion, 40k-44k price zones is very important; once they are broken we have to worry for long and mid-term price reversal
๐ The next very important price zone is the 29k-32k; we can expect a very long wick to those levels once the 40k level is lost
๐๐ผ Here is my bullish flag TA in 27. September which did not get enough attention and everyone was worried about the price reversal :)
๐ As a matter of fact this time I'm less bullish with all those bearish signs!
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSDT- Daily Time Frame - Candlesticks
๐ Bull Flag - Fractal - Support Resistance zone
๐So, BTC is playing around the 45k - 48k price zones lately and decisions are really hard to make at the moment. Therefore most of the traders have no clue in which direction price may go further.
๐I can see a possible bull flag here like the one we have seen at September this year.
๐ This bull flag is also combined with a three drive pattern which also can be seen here in the chart. Both scenarios are bullish for mid-long term
๐ There is also a bullish divergence in daily time frame in RSI which can make the price grow
BUT
๐ There are a couple of new scary bearish signs in sight, like:
1- HUGE monthly bearish divergence
2- Double Top in monthly time frame
3- Double Top in weekly time frame
4- Double Top in daily time frame
5- Close of the RSI below 50 level in weekly time frame
6- Daily ichimoku cloud
7- POSSIBLE Death cross in daily EMAs
8- Close of daily candles under the 200 EMA
๐๐ผ Here is the RSI bearish divergence along with double top pattern which is really scary, and the scariest bearish sign that can reverse the price
๐ In conclusion, 40k-44k price zones is very important; once they are broken we have to worry for long and mid-term price reversal
๐ The next very important price zone is the 29k-32k; we can expect a very long wick to those levels once the 40k level is lost
๐๐ผ Here is my bullish flag TA in 27. September which did not get enough attention and everyone was worried about the price reversal :)
๐ As a matter of fact this time I'm less bullish with all those bearish signs!
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
ืขืกืงื ืคืขืืื:
Some good bullish signs are seen in H:4 time frame
Double bottom
Price came out of the ichimoku cloud
Double bottom
Price came out of the ichimoku cloud
ืืคืงืืื ืืืืื:
So we have seen a very professional bull trap at that point along with the fake breakout