This is my first TA (in this account)
This is my long term TA for Bitcoin.
BTC confirmed a bear divergence in SQ and OBV OSC has a massive bear divergence confirmed.
As you can see since April OBV is not following BTC following the OBV theory. "the volume should follow the price"
BTC is in a very critical moment now.
Facts( for me):
BTC will not hit 100k this year (following my system)
As long 48k holds BTC is in weekly uptrend long term bullish for now.
CRITICAL
if BTC breaks 48k we will see again 30k again but this level will not hold.
if 30k breaks we will see 17k or lower in 2022.
BULLISH:
I want to see 48k holding to keep the trend intact in weekly from there I am expecting a nice bounce.
BEARISH:
If BTC breaks 48k we will see a weekly downtrend (Bear Market)
This is my long term TA for Bitcoin.
BTC confirmed a bear divergence in SQ and OBV OSC has a massive bear divergence confirmed.
As you can see since April OBV is not following BTC following the OBV theory. "the volume should follow the price"
BTC is in a very critical moment now.
Facts( for me):
BTC will not hit 100k this year (following my system)
As long 48k holds BTC is in weekly uptrend long term bullish for now.
CRITICAL
if BTC breaks 48k we will see again 30k again but this level will not hold.
if 30k breaks we will see 17k or lower in 2022.
BULLISH:
I want to see 48k holding to keep the trend intact in weekly from there I am expecting a nice bounce.
BEARISH:
If BTC breaks 48k we will see a weekly downtrend (Bear Market)
코멘트:
After almost one month in sideways BTC is showing signals for a bounce in 1D chart as long 47k holds I am expecting a test to EMA 55 1D chart to continue the downtrend.
Trading for living!
Mid term (1D) I am expecting a bounce to 50k-53k level from there continuation of the downtrend