🔥Weekly timeframe. You implemented a hammer candle, which is a bullish sign. I'm not a big believer in candlestick analysis for cryptocurrencies but it should have been said as the week really ended well. Also, most importantly, we closed above 60,500 - 61,500, which is also a bullish sign. (see the first screenshot)
Also, pay attention to the second screenshot. When we were at 40K +- it seems it was already happening. Then the weekly candle also closed in a similar way and in general the situation resembled what is happening now. After that, we grew by almost 100%. History can repeat itself.
🔥Daily timeframe. I previously showed that we are holding well above the 100 moving, so we managed to retest it and trade above it again. The last time we tested it we grew almost 100%. Also pay attention to the daily MACD, we are finally in a bullish path and it shows us again that the bulls are gaining strength.
Basically what I'm looking at right now to be sure. The most important thing for me right now is not to go below 60K and to consolidate above 67,200 - 69,000 ( see screenshot 4 ) If we close this week above this mark, I will be 100% bullish.
At this point, there could still be a correction or even another leg lower. But I give this option no more than 10%.
Nächste Woche gibt es praktisch keine bedeutenden Ereignisse und Daten zur Wirtschaft außer den üblichen, die wöchentlich veröffentlicht werden. Gleichzeitig geht die Gewinnsaison in den USA weiter
#Bitcoin scheint nach einem Einbruch unter 57.000 USD eine V-förmige Umkehr zu machen, außerdem könnte die Woche recht gut abschließen (das werden wir morgen herausfinden)
Die Kombination dieser beiden Faktoren ist derzeit ermutigend; es besteht eine vernünftige Wahrscheinlichkeit, dass der Höhepunkt der Korrektur überschritten ist.
The dollar index (DXY) is falling quite actively on the release of the US unemployment report, which turned out to be higher than expected.
Against this background, all markets are growing, incl. The crypto is also being restored. In any case, now #Bitcoin needs to be returned for $65,000 with a fix so that the correction can be considered completed.
Also pay attention to the weekly RSI. It practically touched its trend line, which acted as support several times. I like that we unloaded the RSI and the weekly timeframe and can continue to move higher.
🔥 Local market overview 🔥 We perfectly tested the 618 Fibonacci line yesterday. I like how the 57K level is holding up. Now keep a close eye on this level, if it breaks the next stop is 55, then 52 and 48.
I think we can still go down to 55K, this level currently has the largest number of orders to buy $BTC
A more global correction zone is now 60500 - 61500. So, when #BTC🔥 rises and starts to deviate from these zones, don't be surprised.
The only thing that really looks bad and it's quite strong is the monthly candle that closed and swallowed the previous candle.
So, my actions: 1. I am waiting for the Fed today. 2. We are waiting for how this weekly candle will close, if it is below 58k the decline will continue for some time.
Like and subscribe for more information. When there are 1k of us, I'll do a raffle of several coins.
#Bitcoin dominance is again at its bottom line, which is ready to break through, in this case, if the #BTC🔥🔥🔥🔥 rebound begins, #altcoins❗️ will explode to new highs #AltcoinBoom
I like that with today's drop in $BTC , #altcoins❗️ are not looking extremely bad like they were a couple of weeks ago.. So no -30 - 50%, they are mostly correcting with #Bitcoin#altseason#AltcoinBoom!