An inverted is forming.
The chart above shows us the main downtrend (Red line with no breaks) and the newer resistances (R1,R2,R3) that are forming as this sadness continues.
You must keep an eye on those! On top of that heres the rest of my .
Like the other Dips before this one we saw a big increase, and what happened after those dips? Look for yourself:
On top of that, we've been forming lower Lows but shows a making higher Lows. We also see a crossover on the 4h MACD:
Moving Averages are "bearish" (TF=4H) but candles found support at 50MA:
As for , our Tenkan (Blue line) > Kijun (Red line) which is a sign of . Sadly as you can see the price hasn't broken inside of the cloud, yet. That would make the cloud a resistance so price must breach inside first, if so, the target it the flat cloud top (at least):
Here some Fib levels and which are levels to look to:
(Fib is reversed to get the 1.618 target)
This is one of many BTCUSD ideas I've made, you can check my other older Ideas on the Related Ideas link section! You can also open my profile and see the other (no longer updated) ideas.
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This is my own personal opinion! Don't take what I say for granted, this is NOT financial advice. Don't spend what you can't afford to lose, and remember, patience is a key on this Crypto Market! Hold is life!
Trade safe and have a nice day!
4H we broke inside the cloud.
R1 broken, should be tested as support.
We also see this Bullish flag.
Price should go the the are highlighted in green!
Price MUSTN'T drop bellow the cloud (close out of it and not get back) that would be a bad sign.
I doubt it but as always, trade safe and have a nice day.
Cloud and the red line with breaks that crosses it is a resistance to look to!
Alligator turning upwards? Lets hope so!
"Target" at around 10.8k to 11k
Bullish Bullish Bullish
(THIS CHART WAS INSIPIRED BY EXCAVO'S LAST UPDATE ON ONE OF HIS BTCUSD IDEAS)
The bigger inverted H&S that we could be expecting!