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Bitcoin / TetherUS
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BTCUSDt - Reversal pattern and Divergence at the peak of channel

Di Algorca
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The good news has increased dramatically .. I think there should be some hesitation.. ‌I'm not so bearish but we have potential to revisit 10800 level
If this comes true
Altcoins (specially in DeFi zone) can break the previous price floors because of the correction they have.
Nota
Another scenario that is better for altcoins is sideway at this range for a while
istantanea
Nota
As you know.. XAU and BTC are correlated.. now XAU has a lot of downward momentum and there isn't any reversal pattern yet..
If XAU broken down its support.. probably BTC will follow that.
istantanea
Nota
Gold is still bearish but bitcoin have bullish sign that can be lead to side-way market
istantanea
Nota
Gold has a bear flag, channel will be broken..
istantanea
Nota
Bear flag did its job But bulls prevented the trend from continuing.
currently backed into the channel and but its uptrend not confirmed yet.

Also BTC is side as we expected.


istantanea
istantanea
Nota
Gold has upward momentum and now trading above MA20.
istantanea
Nota
BTC are in critical zone
XAU showed weakness

istantanea
istantanea
Nota
We are testing midline of channel
Nota
After sideways for many time, Now we faced again with channel resistance.
istantanea
It's strong But I have no idea that it has enough ability to cross over.
This idea closes here.
BTCUSDBTCUSDTCandlestick AnalysisOscillatorsTrend Lines
Algorca

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