Daily Overview II
Diupdate
A daily overview for Bitcoin.
Pointing out a bullish and a bearish scenario.
Check the related ideas for more information.
Pointing out a bullish and a bearish scenario.
Check the related ideas for more information.
Catatan
With line chart and EMAs to see the similarities.Catatan
Catatan
Weekly with a rising wedge idea
Catatan
Potential Bump and Run pattern
Catatan
Catatan
Jojo Indicator says No No No No but once we break it then Yes Yes Yes YesCatatan
A setup to wait and watchCatatan
I usually really like those bottoms but not when we are below some key levels. Wait for the 4h candle close and see.Catatan
That's why we wait for closes.Catatan
Just a reminder for myself: Inverted charts are so powerful when we have a clear higher timeframe trend already confirmed.Catatan
Okay, Bitcoin broke the H&S neckline on the daily. A retest of it is possible but consider that the probability for a successful H&S is around 83 % once the neckline is broken.Catatan
So far a H&S retest got rejected. It did retest the falling wedge, we broke into it but now broke down again.Catatan
Bitcoin broke and retested the curved trendline on the old Daily Overview Idea. Means from here there is no more objective bearish charting, only guesses.Bitcoin might retests the downward trendline and the H&S neckline resistance. A break and support retest of those levels if to be considered as bullish.
Catatan
Bitcoin broke into the H&S neckline resistance.The 4h timeframe shows a possible bullish continuation scenario. Means the old neckline is a support zone for this scenario.
The weekly MACD shows a smooth increase of momentum, what is supportive for that scenario.
Catatan
While the 4h and weekly patterns correspond, the daily does not. Means we have a lower and a higher timeframe telling us a different story. Well, we can use this to make a possble bearish scenario on the timeframe in between, here it is the daily tf.The thick yellow trendline is mostly overlooked by pretty much any trader since November 2021 but not here. We drew and used that trendline since november.
Bitcoin has hit the Daily EMA 300 and the yellow Trendline, both is to be considered as strong restistance.
Quick reminder, a 'Moving Average' is where Buyers and Seller meet. Long short Bitcoin is at another decision moment.
a most likely possiblity is a pullback to 40k price levels and then a bullish continuation.
Catatan
Different Neckline from an another idea from another guy:
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