i read many traders saying that btc will retrace to 3600ish. Everything can happen for sure because the past scenarios made us think that we will get a drop again so peoples are scare and waiting for this drop...
Well what i see on 1Day chart is :
BTC passed EMA50 and get many times a support and bounced from that zone multiple times.(Green Line).
BTC retested EMA100 and now finaly passed this EMA (Orange Line).
if BTC is supported by EMA100 we won't down under 4000ish Zone. if BTC drop under EMA100 we could bounce around 3850-3900 Zone.
if EMA50 and EMA100 cross up on 1D Timeframe. it's a strong bullish sign, and we will go retest EMA200 around 4500-4600ish.
if BTC drop under those EMAs so yes that time we can back to 3600ish and start again.
Movements are changing and if you notice the monthly timeframe, u will see bears weakers and turning their shirt to bulls.
From more far you see ! More easy you get it!
Happy Tr4Ding !
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sorry if i wrote 5000 on EMA200. it was 5k 2 weeks before. i just moved the pannel :P consider it as 4500ish.
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going to retest 4200.
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welcome bulls.
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4600 next step EMA200 on 1D timeframe. if we breaks this one it's a good news.
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destructed EMA200.
הערה
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4H Timeframe divergence. it looks like not want to go down...
@Zenter, funny things is EMA200 gone exactly where i traced EMA200 prediction. i need delete it now for confusions.
Zenter
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Do you think that FOMO will be in and maybe 5.2 k?
thecryer
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@Zenter, anyone is FOMO for now. that's the big problem. like i said most part of the traders go out of the market and stay USDT in this case.
passing to USDT make a FUD everytimes and it's becoming an habit for some peoples to do that. anyway before a FOMO to 5.2K, we need pass EMA200 around 4500+.
Zenter
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@thecryer, thank you, I like your Analysis. I hope you keep this up to date. What is your Idea about SNT/BTC pair?
thecryer
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@Zenter, you are welcome ! i will check it for you and send u PM.