Hi everyone ๐๐ฝ
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSDT- Weekly Time Frame - Candlesticks
๐ Support zone - RSI Divergence - Ichimoku cloud - Fear
๐ BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that:
1- We are in a very fearful situation and the index is in an extreme fear position
2- Ichimoku cloud or Span A has held the price from further crash
3- The 39560 price range is an extremely powerful price range which cannot be broken that easily
๐ There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful "
Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes.
๐ We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum
๐ From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin
๐ There is a very huge regular divergence which is also bullish in weekly time that can confirm that
โ ๏ธ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so.
โ ๏ธ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement.
โ ๏ธ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market
โ๐ผ You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :))
โ๐ผ Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations:
โ๐ผ 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
๐ Wish y'all have a profitable lifestyle ๐
๐ BTCUSDT- Weekly Time Frame - Candlesticks
๐ Support zone - RSI Divergence - Ichimoku cloud - Fear
๐ BTCUSDT and all the cryptocurrency world may be seeing a bullish momentum in upcoming weeks due to the facts that:
1- We are in a very fearful situation and the index is in an extreme fear position
2- Ichimoku cloud or Span A has held the price from further crash
3- The 39560 price range is an extremely powerful price range which cannot be broken that easily
๐ There is a very famous and precise saying in trading : " Be fearful when others are greedy and be greedy when others are fearful "
Personally I have experienced this saying like 3 times during all bitcoin sharp and brutal growth and crashes.
๐ We are in an extreme fearful situation and we can see a very bearish targets which is a sign for another bullish momentum
๐ From Technical analysis point of view: The span A is a very powerful support zone for the price , especially in bigger time frames like monthly and weekly. I think span a can held further crash in Bitcoin
๐ There is a very huge regular divergence which is also bullish in weekly time that can confirm that
โ ๏ธ HOWEVER, nothing is 100% in this world and trading and charts are not an exception; if price manages to brutally break the SPAN A and the very important 39560 price range, we might get in a bearish momentum maybe in more than a year or so.
โ ๏ธ The art of Technical analysis is to see the confirmations, facts, mathematics and possible further movement.
โ ๏ธ It is easy to predict bearish targets in bearish market and bullish targets in a bullish market
โ๐ผ You can see my TA which was publish 7th December 2021 just before the end of the year when everyone was giving +100k target EOY :))
โ๐ผ Or on 21st November 2021, when everyone was giving hopium and wished a very huge growth without any bullish confirmations:
โ๐ผ 19 October 2021 was actually a very important time range and a lot of people FOMO'ed and bought at 60k levels:
ืืขืจื:
This is what I guess we might see in upcoming weeks
ืืคืงืืื ืืืืื:
Unfortunately we have see a huge crash in the price of BTC
Sadly SPAN A and even SPAN B couldn't even HOLD the price back from further crashes
The only hope left is the weekly close...
If it manages to close above the SPAN B level or even above the SPAN A level (which explains a very long wick) that could still be a very good song
If not I would not be sure how far and how long we are going to crash further
Sadly SPAN A and even SPAN B couldn't even HOLD the price back from further crashes
The only hope left is the weekly close...
If it manages to close above the SPAN B level or even above the SPAN A level (which explains a very long wick) that could still be a very good song
If not I would not be sure how far and how long we are going to crash further