$BTC
Hopefully, the forecast from yesterday 01/12/2024 is wrong. 😇
But currently, it shows that this could be an adjustment for the daily frame. 👀🚨
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Bitcoinboy-8686
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$BTC
UPDATE $BTC -MARKET FORECAST INVERSE (if any). 01/12/2024.
Overview shows that the buying force of investors and whales is still strong and dominant, confirmed by the analysis indicators below.
12M Frame: INCREASE (From the price range 38K5 up to 98K5= 60,000$.)
6M Frame: INCREASE- RSI 79.81-Buying area, and waiting to buy.
M Frame: Increase RSI 75.54-Moving sideways, buying area and waiting to buy. The December candle has just started, and there are signs of selling pressure, but not strong, with signs of correction from the price range 97K.
W Frame: Increase-RSI 74.48- selling pressure has participated, RSI is trending down towards the average line 70. There are signs of RSI divergence in the larger frame beginning.
3D Frame: Increase-RSI 72.81-Buying area and waiting to buy.
D Frame: Decrease -RSI 64.57- Selling pressure has joined in, RSI is moving sideways and has a downward trend.
12H Frame: Decrease -RSI 58.02-Strong selling pressure confirmed, but buying pressure still dominates.
8H Frame: Decrease -RSI 53.22. Strong selling pressure, RSI trending down.
6H Frame: Sideway, trending down, RSI: 51.70. RSI is making lower highs.
4H Frame: Sideway, signs of decrease -RSI 51.7. Wave structure is still holding well above Fibo 0.236 (Range 89K-98K8). But RSI is making lower highs.
2H Frame: Decrease -RSI 48.71. Confirms the beginning of the adjustment trend.
1H Frame: Decrease -RSI 41.11. Sideway, weak buying pressure, selling pressure dominates.
15-minute Frame: Slight adjustment, sideway, when RSI touches the 30 area, it bounces back up.
Conclusion: BTC has confirmed a long-term upward wave after the adjustment. The wave structure is still holding well, all time frames agree on an INCREASE.
The adjustment in the D frame may occur and test the support area of 90K.
Last updated: Sunday, December 01, 2024
@Bitcoinboy-8686
(Personal analysis and information sharing, not financial advice)
UPDATE $BTC -MARKET FORECAST INVERSE (if any). 01/12/2024.
Overview shows that the buying force of investors and whales is still strong and dominant, confirmed by the analysis indicators below.
12M Frame: INCREASE (From the price range 38K5 up to 98K5= 60,000$.)
6M Frame: INCREASE- RSI 79.81-Buying area, and waiting to buy.
M Frame: Increase RSI 75.54-Moving sideways, buying area and waiting to buy. The December candle has just started, and there are signs of selling pressure, but not strong, with signs of correction from the price range 97K.
W Frame: Increase-RSI 74.48- selling pressure has participated, RSI is trending down towards the average line 70. There are signs of RSI divergence in the larger frame beginning.
3D Frame: Increase-RSI 72.81-Buying area and waiting to buy.
D Frame: Decrease -RSI 64.57- Selling pressure has joined in, RSI is moving sideways and has a downward trend.
12H Frame: Decrease -RSI 58.02-Strong selling pressure confirmed, but buying pressure still dominates.
8H Frame: Decrease -RSI 53.22. Strong selling pressure, RSI trending down.
6H Frame: Sideway, trending down, RSI: 51.70. RSI is making lower highs.
4H Frame: Sideway, signs of decrease -RSI 51.7. Wave structure is still holding well above Fibo 0.236 (Range 89K-98K8). But RSI is making lower highs.
2H Frame: Decrease -RSI 48.71. Confirms the beginning of the adjustment trend.
1H Frame: Decrease -RSI 41.11. Sideway, weak buying pressure, selling pressure dominates.
15-minute Frame: Slight adjustment, sideway, when RSI touches the 30 area, it bounces back up.
Conclusion: BTC has confirmed a long-term upward wave after the adjustment. The wave structure is still holding well, all time frames agree on an INCREASE.
The adjustment in the D frame may occur and test the support area of 90K.
Last updated: Sunday, December 01, 2024
@Bitcoinboy-8686
(Personal analysis and information sharing, not financial advice)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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