Btc #btc bearish scenario? Btc has closed five consecutive weeks below 120000 usd, and there is also a bearish divergence in the weekly timeframe between the price and the technical indicator. These two positions analyzed closely allow us to express that a bearish pullback on the weekly chart is gaining strength. 👀 Pay attention to what I'm saying, a pullback and not a trend change, but will it be immediate? NO what would be the confirmation? That the price on the daily chart attempts to surpass the previous high and fails to do so, that would be the confirmation. If you share this analysis, support me with a like 👍
$VVV for the breakout to be valid, it needs to close above the double top structure and the next candlestick should continue the bullish movement; otherwise, the breakout is invalidated.
$BTC CME gap, in the futures market of Bitcoin has touched the price of 83215 and with this movement, it has completely filled the gap that was around 82k approximately.
$ZEC short? NO, I'm not daring to do that, why? Because its daily trend is bullish, and we trade in favor of the trend after a pullback. Another thing you need to consider is the strength of the momentum; it increases with each passing day.
$PLAY where is play headed? The chart doesn't lie, play has hit a strong resistance it hasn't been able to break at 0.24500, which has formed a bearish weekly setup.