If it falls below support watch out. XRP could go up against BTC.
If Dow Jones Industrial Average goes up while the (Dow Jones Transportation Average goes down, it could be a leading indicator that the DJI is making a top.
Everything there is to explain is on the chart. But! keep an eye out for the 100ema on the weekly, if it falls below be BEARISH . Sometimes Bitcoin and the S&P 500 move toghetter and at other times they do their own thing, but what happens when the stockmarkets are at the end of their run it's been in since 2009. They both seem to be at the last of the last wave now.
Everything there is to explain is on the chart. Ussualy we have a good run from March til arround the end of December. I think right now the majority is bearish and don't think it will go past $70.000. But! keep an eye out for the 100ema on the weekly, if it falls below be BEARISH.
Long term trend lines, could it be this simple?
A buy at the light blue line Bounce to D Zoom in on point C to place a stoploss when you place a buy order
The Longest Bullrun in history is at the end of it's last Wave. And also at the end of Grand Wave 5 which will result in The 2nd great depression.
Watch if it falls below the 200ma on the daily
At the bottom of the Pitchfork it gaps to the Fib Retracement level of 0.786 0.786 Can be the Bottom and fill the gap back up, Retest Correction Point B. Bitcoin looks like to be making a top just like Ethereum and some other ALTs that have followed Bitcoin. Beware not all ALTs will go up.
Out of it's falling wedge, Allot of support around 0.27/0.28 Pitchfork guider whit fibb levels, whit and fib extension target to VPVR Level If it falls under the Red line A Bearish Scenario could play out.
You can see where it has retraced too, where it bounced off from, and how it is holding it self from the right lines. Elliot Waves structured into a bullish scenario. TTM Squeeze: Lots of red dots (Bollinger band in keltner channel), it has to go up or down soon. It has to hold above the Red or Green line to be full Bearish or Bullish.
Bitcoin meets resistance line
Hidden divergence in the RSI
whit FIB channel and, Fib Retracement,
it could retest the falling wedge
Can act as support and resistance.
Before a run, is where I place the fibonaci retracement, you extend it whit 3.618 than it comes down to 1.618 than it catapults to 40.618, than I see a retracement to 12.618 and it consilidates for the next run up, and the same method applies don't use the 3.168 and the 1.618 as an ultimate highest or lowest measurement, it's on a daily chart and I haven't...