DETAILED BTC - 27 November 2019 - Where are we heading?
Death Cross - BEARISH
We officially had our death cross on the 25th of october
50 ma - 100 ma weekly crosses - NEUTRAL
Even though it seems like we are going to have a cross, we are not able to hold above this
Last time we had this cross was the beginning of the bull market BUT the price action was above the cross, so I can not count this cross neither bull nor bear..
20 ma and 21 ema weekly - BEARISH
We are both below these moving averages which is SUPER BEARISH.
These two are themost powerful support points for bitcoin in a bull run, bitcoin does not tend to go below these moving averages, however in todays market we are way below them...
100 weekly MA - BEARISH
We have holded above 100 ma for a long time however last weeks crash sent us back below this ma which is super bearish. Our weekly candle has this ma as a strong resistance.
100 MA - 150 MA daily - BEARISH
Since late september we have been below these two MAs, with the october bull trap it seemed like we were going above them but the candle bodies were not able to close above, so we are still on track, 24 percentage below these averages
Weekly Gaussian Channel
Price was holding above the channel for a while but now we have entered in the channel which does not generally happen in bitcoin bull runs.
Of course touching the channel and holding it as a support is likely but inside the channel is scary,
Daily Gaussian Channel - BULL
We see that the price is below the channel right now. We had this trap back in 2013 as well.
Daily Gaussian Channel - BEAR
If this is not a bear trap - which is more likely - we see a pattern just like the old bear seasons, price hanging around the channel crashing and pumping.. Going way below the channel.
Weely RSI - BEARISH
Weekly RSI is not looking good at all. We are having lower lows and lower highs.
Daily RSI - BEARISH
Bitcoin was doing great with higher high and higher low RSI levels for a while, however the trend has been broken 10 days ago and we are back to lower lows. 65 RSI is really important for the bullish reversal, which is our previous high.
We need a higher high RSI with a higher high Price action for the bull run.
ADX Daily - BEARISH
Trend has turned Bearish on 20th of November and it is gaining power which is not good.
ADX Weekly - NEUTRAL
Weekly bullish trend has ended for the ADX weekly. Now there is no exact trend, everything seems neutral considering ADX weekly
We officially had our death cross on the 25th of october
50 ma - 100 ma weekly crosses - NEUTRAL
Even though it seems like we are going to have a cross, we are not able to hold above this
Last time we had this cross was the beginning of the bull market BUT the price action was above the cross, so I can not count this cross neither bull nor bear..
20 ma and 21 ema weekly - BEARISH
We are both below these moving averages which is SUPER BEARISH.
These two are themost powerful support points for bitcoin in a bull run, bitcoin does not tend to go below these moving averages, however in todays market we are way below them...
100 weekly MA - BEARISH
We have holded above 100 ma for a long time however last weeks crash sent us back below this ma which is super bearish. Our weekly candle has this ma as a strong resistance.
100 MA - 150 MA daily - BEARISH
Since late september we have been below these two MAs, with the october bull trap it seemed like we were going above them but the candle bodies were not able to close above, so we are still on track, 24 percentage below these averages
Weekly Gaussian Channel
Price was holding above the channel for a while but now we have entered in the channel which does not generally happen in bitcoin bull runs.
Of course touching the channel and holding it as a support is likely but inside the channel is scary,
Daily Gaussian Channel - BULL
We see that the price is below the channel right now. We had this trap back in 2013 as well.
Daily Gaussian Channel - BEAR
If this is not a bear trap - which is more likely - we see a pattern just like the old bear seasons, price hanging around the channel crashing and pumping.. Going way below the channel.
Weely RSI - BEARISH
Weekly RSI is not looking good at all. We are having lower lows and lower highs.
Daily RSI - BEARISH
Bitcoin was doing great with higher high and higher low RSI levels for a while, however the trend has been broken 10 days ago and we are back to lower lows. 65 RSI is really important for the bullish reversal, which is our previous high.
We need a higher high RSI with a higher high Price action for the bull run.
ADX Daily - BEARISH
Trend has turned Bearish on 20th of November and it is gaining power which is not good.
ADX Weekly - NEUTRAL
Weekly bullish trend has ended for the ADX weekly. Now there is no exact trend, everything seems neutral considering ADX weekly
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.