#Bitcoin monthly TA: prior global lows formed after full momentum resets – the main point is Stoch RSI, which prints a bullish cross after reaching an extreme oversold condition; then there is RSI near the lower band finally turning to rise, MACD histogram deeply negative and starting to go up, not to mention Fisher Transform compressed.
Finally, look at the Fibonacci levels for all 3 (including the current one) long-term lows: 38.2% retracement (log scale) at every bottom!
So, the 2026 setup is at the same zone.
Are you still waiting to buy $BTC ? Then, you'll buy for 200k or even 500k...
Just look at this Heiken-Ashi weekly green candle – pure #hopium!
But to be honest with you, I think that this time it is going to lead us to the new uptrend.
There is a high chance that it was a false breakout and #bitcoin is going to go above 66k again, which would drastically increase the chances for opening to the new range above 72k and generally ending the correction.
$BTC
After multiple retests the support line was broken and then tested from the bottom and rejected. So, it looks like the breakout was confirmed...
#bitcoin $BTC
I honestly thought that it won't happen despite all the signs. Probably, I am too deep on #hopium 😅
But now, when the price is so much lower than the ATX I'd like to think of it a major sale – it is 50%! Kinda black Friday!
$BTC #bitcoin
This looks a bit scary. Since the major support trendline was broken and failed to return back after the test from below, it generally should be treated as a trend change... 😬
And then, there is this bearish flag formation that was already broken and if plays out, it could drag us much lower...
$BTC #bitcoin
This looks a bit scary. Since the major support trendline was broken and failed to return back after the test from below, it generally should be treated as a trend change... 😬
And then, there is this bearish flag formation that was already broken and if plays out, it could drag us much lower...
$BTC #bitcoin
#Bitcoin is holding strong! Nice set of higher lows so far!
One or two one them could be broken, but it is likely to be a false breakout. Also the multiple yellow resistance tests will likely lead to a breakout.
$BTC
It looks like it is about to breakout, but the oscillators are at the top, so the correction is due. Yet, it should be a temporal decline, following the major move.
$BTC #bitcoin
#BTC short-term: those rejections and sell-offs don't look good for bulls. And that yellow support zone around 86500$ is calling for a breakout.
$bitcoin