ðBitcoin wants to follow CME Gapsâïļâð
āļāļĩāđāļāļąāļāđāļāļ:
Hello dear traders.
As you know, there is a signðĄ for everything in this world.
For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear.
In the world of cryptocurrencies, there is a sign for everything, tooððŧ. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones.
As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame.
First, let's follow the âPositiveâ signs together.
âIn the chart, it is clear that the downward trend line has been broken.
âAs mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame.
âIf the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin.
Now it's time to check the dramatic and âNegativeâ scenarios:
âLosing the âŦïļUptrend line(Monthly Time Frame)âŦïļ is one of the negative signs for young Bitcoin.
âBitcoin is approaching its ðīheavy resistance zone($)ðī, which can be a bad sign.
âBitcoin is also moving near the ðĢyearly pivot point($26,743.45)ðĢ.
âAnd the last sign is that, as you can see in the chart, there is a ðĩdivergence between price and volumeðĩ.
Another point that Bitcoin can grow up or return to the ðĒheavy support zone($19,950-$17,530)ðĒ is the presence of the CME gaps on the chart.
If the weekly candle closes above the ðīresistance zone($25,290-$24,370)ðī (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365).
If the weekly candle closes below the ðīresistance zone($25,290-$24,370)ðī , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330).
Considering all these signs I have found, I would also like to know your ideas.ð
How many of these signs did you come acrossâïļâ
Or according to what kind of signs do you check Bitcoin movementsâïļâ
Also, if you have any questions, ask me in the comments.ðŽâĪïļ
As you know, there is a signðĄ for everything in this world.
For example, before the arrival of spring, the snow will melt, the trees will bloom, and the cold weather will gradually disappear.
In the world of cryptocurrencies, there is a sign for everything, tooððŧ. There are many ways and signs for upward and downward movements or distinguishing scam crypto projects from good ones.
As you can see in this chart, Bitcoin was stuck in a downward trend for about 60 weeks, but in this post, I will examine the positive and negative signs for Bitcoin in the weekly time frame.
First, let's follow the âPositiveâ signs together.
âIn the chart, it is clear that the downward trend line has been broken.
âAs mentioned in the previous posts, the Golden Cross signal has been seen in the daily time frame.
âIf the current candle closes above the resistance zone and the price of $25,214, Bitcoin has risen above its previous Lower High(LH), which will be another positive sign for Bitcoin.
Now it's time to check the dramatic and âNegativeâ scenarios:
âLosing the âŦïļUptrend line(Monthly Time Frame)âŦïļ is one of the negative signs for young Bitcoin.
âBitcoin is approaching its ðīheavy resistance zone($)ðī, which can be a bad sign.
âBitcoin is also moving near the ðĢyearly pivot point($26,743.45)ðĢ.
âAnd the last sign is that, as you can see in the chart, there is a ðĩdivergence between price and volumeðĩ.
Another point that Bitcoin can grow up or return to the ðĒheavy support zone($19,950-$17,530)ðĒ is the presence of the CME gaps on the chart.
If the weekly candle closes above the ðīresistance zone($25,290-$24,370)ðī (closes in about two days). Bitcoin can be expected to grow until the first gap($28,740-$27,365).
If the weekly candle closes below the ðīresistance zone($25,290-$24,370)ðī , Bitcoin has seen a bull trap, and we can expect to touch the lower gap($21,110-$20,330).
Considering all these signs I have found, I would also like to know your ideas.ð
How many of these signs did you come acrossâïļâ
Or according to what kind of signs do you check Bitcoin movementsâïļâ
Also, if you have any questions, ask me in the comments.ðŽâĪïļ
āļāļąāļāļāļķāļāļāđāļ§āļĒāļāļģ
Agree with me; which scenario will be happenâ
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