Looking at the daily chart, we may have reached a Triple Top, with a BAT formation. Potential Breakout zone, but considering the Network Upgrade, the economy slowing down and the sudden increase of the market, we could see a correction towards the MA50 zone. Also, death cross on the Weekly Chart not to be taken lightly.
Although BTC is still showing Bullish, the hype seems to occur when there is very low volume in the platforms, hence price can be manipulated easily in any direction. Possible BAT signal on weekly BTC Chart
Cardano seems to have held the 1.19 support. It might spike towards 1.15, but after that, short term chart 30M shows a potential recovery towards 1.65
Inverted head and shoulders fully formed. Potential spike up.
Potential Leg up towards MA200 / 1.618 Fib Extension
Bitcoin forming a 'death cross on the 4H Chart, targeting S1 / S2 Levels before bouncing up? (do not forget to pay attention to the Golden Cross formation on the Daily Chart).
Although BTCUSDT has formed a resistance at FIB 0, the trending channel seems to be bullish further, liquidating shorts at $50,450. Daily chart shows BTC is creating support over the MA200 Line, resulting in a Golden cross within the next few days. Breakout over $50,450 could drive the price up towards 1.68 Fib Level ($63,615). However, I expect a short term...
Potential retracement on MA50 with a continuation towards 2.618 ($ 56,038) Fibonacci Extension? Trend Channel seems to be the same.
Bitcoin just formed a golden cross, with a support level forming a triple bottom
XABCD on a 30M -1H chart showing signs of a retracement?
Although I don't like it, it seems MA50 / MA200 is just forming a Golden Cross on 12H. We could see a retracement on 0.5 FIB Channel Extension, with a continuation of a BULL MARKET.
Golden Cross continuation, with a failure to break the 0.5 on Fib Extension, still BTC is trading in the same Uptrend Channel. Possible 54,739 test in a few days?
According to MA50 - 200 / and hourly / daily trendlines, if bitcoin breaks long term support, its possible we move to higher levels, around 56k - 60k.