๐ค #BTCLIVE - 03.09 ๐ค
TLDR:
Short-Term (-1 Day)
70:30- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
80:20 - Bullish:Bearish
TECHNICAL ANALYSIS:
We seem to be holding the bottom of the sym. triangle quite nicely, with a fair few bullish factors lining up. I would be heavily committed to a long to at least $20.2k altough with it being Sunday and the market comign back online in a few hours still these movements can be quite misleading. When the Asian market comes on line it should be quite telling.
The key areas to watch are $19.5k as losing that not only confirms a break down out of the pattern but a break of a very key support and further downside is expected in the short term to potentially $18.8k although holding should comfortably see $20.2k although I am not particularly bullish beyond and expect a rejection there.
Technical Analysis Bullish Factors:
+ Bullish Divergence on the 1D
+ Bullish Descending wedge on the 1D
+ Oversold on the Weekly
+ Reversal signal on the Weekly
+ Wave Dip signal on the daily
+ Bullish Weekly Pivot
+ Bullish Wave Divergence
+ Regained trendline support and holding the sym. triangle pattern
+ Regained 20, 50 ema and HMA
+ MACD turning bullish
+ Bullish Weekly Pivot
Technical Analysis Bearish Factors:
- Slightly bearish Daily POC
- 200 EMA Resistance incoming
- Not fully broken local resistance
- TD6 showing
NEWS:
Bull:
+Nada
Bear:
- Zip
TLDR:
Short-Term (-1 Day)
70:30- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
80:20 - Bullish:Bearish
TECHNICAL ANALYSIS:
We seem to be holding the bottom of the sym. triangle quite nicely, with a fair few bullish factors lining up. I would be heavily committed to a long to at least $20.2k altough with it being Sunday and the market comign back online in a few hours still these movements can be quite misleading. When the Asian market comes on line it should be quite telling.
The key areas to watch are $19.5k as losing that not only confirms a break down out of the pattern but a break of a very key support and further downside is expected in the short term to potentially $18.8k although holding should comfortably see $20.2k although I am not particularly bullish beyond and expect a rejection there.
Technical Analysis Bullish Factors:
+ Bullish Divergence on the 1D
+ Bullish Descending wedge on the 1D
+ Oversold on the Weekly
+ Reversal signal on the Weekly
+ Wave Dip signal on the daily
+ Bullish Weekly Pivot
+ Bullish Wave Divergence
+ Regained trendline support and holding the sym. triangle pattern
+ Regained 20, 50 ema and HMA
+ MACD turning bullish
+ Bullish Weekly Pivot
Technical Analysis Bearish Factors:
- Slightly bearish Daily POC
- 200 EMA Resistance incoming
- Not fully broken local resistance
- TD6 showing
NEWS:
Bull:
+Nada
Bear:
- Zip
