Bitcoin
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BTCUSD short for now

Zaktualizowano
BTC hitting strong resistance @ 6900 USD

Testing resistance around 7200 USD multiple times

Death cross 100/200 SMA on the daily

Ichmoku cloud showing resistance on the daily

however, bullish on the higher time frames as we might break this resistance in the coming weeks
Uwaga
TP 5600 USD possible long hunter wicks to the upside
Uwaga
strong overhead resistance @ 7400

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Uwaga
BTC macro structure outlook

-- appears to be forming falling wedge
-- getting heavy resistance from the 0.382 fib retrace
-- above a daily 9 based on TD sequential

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Uwaga
Macro view on the daily

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Uwaga
hopefully we wont go this low but certainly a possibility given the continuation pattern for a falling wedge

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Uwaga
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Uwaga
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Uwaga
broke out of the rising wedge
forming lower highs in a downward channel
let's see if we can break through the 7200 region first
otherwise, its more downward price action from here
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Uwaga
lower half of rising channel or upper half of falling channel
only time will tell
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Uwaga
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Uwaga
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Uwaga
same fractals in play here

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Uwaga
broke out of ascending channel but getting resistance from .618 fib
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Uwaga
rejected by key resistance @ 9400 and back in the rising channel high probability of more downside action to back test the initial break out
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Uwaga
uptrend continuation or new downtrend?
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BTCUSDTrend Analysis

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