BitcoinTelah dikemas kini BTC - 40k might be around the corner
04.01.2022 1PM UTC - Trade carefully this week!
Using the Phoenix Ascending indicator, I spotted that we might be about to start downward expansion very soon as the blue least square MA is about to cross below 50, with the faster green MA and the red RSI already below 50, close to 30. To the right of the orange vertical line, I drew what could possibly unfold if we start expanding down indeed.
Moreover, the regular RSI might be forming an inverted cup-and-handle pattern on the 4HR time frame (not well indicated on my chart, please see for yourself).
Finally, lately the BTC price has been hovering near the lowest boundary of the current channel we're in (light blue on the chart), without any clear sign of strength even trying the upper boundary once.
All of that means a sign of weakness bringing us down to 40k might be around the corner. Currently the crypto and stock markets are looking pretty fearful because the American and European indices have sprung back up to ATH levels and even broken new highs, while the global worries about inflation and interest rate hikes and surely growing. Long story short, there might be a lot of stock (and crypto) people expecting a crash soon.
Using the Phoenix Ascending indicator, I spotted that we might be about to start downward expansion very soon as the blue least square MA is about to cross below 50, with the faster green MA and the red RSI already below 50, close to 30. To the right of the orange vertical line, I drew what could possibly unfold if we start expanding down indeed.
Moreover, the regular RSI might be forming an inverted cup-and-handle pattern on the 4HR time frame (not well indicated on my chart, please see for yourself).
Finally, lately the BTC price has been hovering near the lowest boundary of the current channel we're in (light blue on the chart), without any clear sign of strength even trying the upper boundary once.
All of that means a sign of weakness bringing us down to 40k might be around the corner. Currently the crypto and stock markets are looking pretty fearful because the American and European indices have sprung back up to ATH levels and even broken new highs, while the global worries about inflation and interest rate hikes and surely growing. Long story short, there might be a lot of stock (and crypto) people expecting a crash soon.
Nota
06.01 12AM UTC -- sharp NASDAQ drop today, and as expected crypto of course followed. too much uncertainty throughout markets right now... next dynamic support at 42k, 40k still very much probable.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.