BTC Weekly chart overview:
Consider that there are shorts trapped in the 3200-3500 levels, and some small bull divs showing: if we close above the golden pocket 0.618 downtrend resistance 4440 I will consider us out of the bear market in the short term.
Bull divs on the weekly:
Hidden bull divs on the 12HR:
And for the bear perspective: a close under 3150 level (200 MA on Weekly) and things will be looking very bad for bitcoin, If we closed under the 200 MA then look out for a test of previous support, flipped into resistance as confirmation of downtrend and prime short entry position.
If we do close under 200 MA and enter extreme bear market look for a strong bounce at one these orange levels.
Chart with the above information labelled:
Consider that there are shorts trapped in the 3200-3500 levels, and some small bull divs showing: if we close above the golden pocket 0.618 downtrend resistance 4440 I will consider us out of the bear market in the short term.
Bull divs on the weekly:
Hidden bull divs on the 12HR:
And for the bear perspective: a close under 3150 level (200 MA on Weekly) and things will be looking very bad for bitcoin, If we closed under the 200 MA then look out for a test of previous support, flipped into resistance as confirmation of downtrend and prime short entry position.
If we do close under 200 MA and enter extreme bear market look for a strong bounce at one these orange levels.
Chart with the above information labelled:
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.