KRAKEN:XBTUSDT Just waiting for breakout of median line pitchfork, or pullback indication, if pullback happen then next support will be (will be good entry for long), Next Target BTC is to then retrace to support line. 5 5 BTC next resistance area is Earlier this morning at EDT, KRAKEN:XMRXBT bounced off of a flat support line at around XBT driven by a quick reduction in the bitcoin/fiat exchange rate. While the exchange rate of bitcoin to fiat is declining presently, the upcoming halving is still around eight days away (as of this current moment). Bitcoin Parabolic rally getting stacked and will most possibly have a small -5% pullback to and then there will be a pump to till end of the year. Then the bull market will start due to bankruptcy waves after the disastrous financial year will be show the hidden side of iceberg of financial crisis.
Btc kraken tradingviewKraken — TradingView — India
Looking like the Primary Wave 1 has completed with an expanding diagonal, and in the motion of Wave 2 here. Bearish Divergence playing out I was looking at Tezos a bit more bullishly, until I zoomed out.
Not taking a position at this time. The strength of Bitcoin looks to have topped off here. Feel like we will get 1 more leg down to test lower descending RSI Trendline, and from there we can look for the next bullish move. Strength looks to be tapped here and potentially going to start a decline in Chainlink. From my wave count, this would put us into the intermediate Wave C, then completing the primary Wave 2 of one higher degree.
Do your own research There is always a possibility of it breaking the resistance trend line and going up to 14k!! Pro Tip. The market never goes sideways, only up and down. Predictions and analysis. Videos only. Top authors: kraken. Automated Trading Strategies Might do more of these not Now I think we are super bullish.
I think bearish, but who knows what market makers have in store for us.. But I think we need to still brake 20k level before retrace. If you like my content. Tips are welcome. BTC might retrade to support 2 in the next couple of hours if is unable to break new resistance line. If we break the line, we can go to the line. I'm not a trader. Videos only. BEAR bullflag 4H.
All metrics indicate BTC is over bought and over valued according the previous data. Even considering fundamentals, the fundamentals suggest that there is still a good amount of supply in circulation. Even with limited supply not being able to meet current demand. Eventually, demand will fade temporarily until there is a real shortage which will eventually cause demand to rise again and in turn causing the price to rise again as well.