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Big crash in the crypto market. BTC is currently at a significant support level again.
This is a good time to scale up your long term portfolio. ⚡🚀
Bullish Divergence for Bitcoin on the 1hr timeframe
This is mostly a sign of reversal
Bitcoin Daily Retest!
This is a critical support zone!
If Bitcoin loses this support, we might go down a bit further
Personally, I think BTC will reach a new high (ATH) at the end of 2024. Trust the process. 📈
On the lower timeframe of BTC, we also see a Bullish Divergence of the RSI indicator. This too will aid in any price rise.
BTC's weekly volume has also bottomed out. From this point on, there can only be more volume 👀.
➡️⚡ There is a BTC breakout coming that is likely to get a lot of volume. This is because the volume of the BTC price is moving pretty much at 0%. In addition, we are seeing a Falling Wedge pattern. So this breakout could be to the upside or to the downside.
Logically, this breakout will have to take place to the upside since the Falling Wedge pattern is a Bullish pattern. ✅
⚜️ Should the price rise at the top of this pattern I personally open a buy position. I will keep you informed.
We sold SHIBA at the perfect time. After we sold the buying position, the price fell almost 14% again. 🤑
Good morning crypto 👉🪙
As you have seen for yourself, the market is very quiet. There are very few opportunities in the market. We were able to make 1 nice trade on SHIBA and I additionally shared some signals in the VIP group, but nothing more. 😞
🚀 I hope there will be more opportunities soon.
When this Falling Wedge is breaking, it's going to be a BIG move for Cardano!
Be Prepared!
BTC should break through this resistance on the daily timeframe. If it does not, then a decline toward $26,000 is possible.
