I'm Sam Price, CryptoLifer. I livestream daily TA youtube.com/@CryptoLifer Follow me on Twitter @CryptoLifer33 and Binance Feed for the best TA education
The 4-hour CME chart suggests an 80% chance of a price drop, with a gap at 26,340. This gap could potentially form a cup and handle pattern, especially considering that the gap aligns perfectly with the .786 Fibonacci retracement level. #bitcoin #BTC #crypto2023 #dyor #notafinancialadvice
Just like chess we do not know where our opponent will move but we can project a plan we are willing to tweak as we get more info. For now, this is what my mind sees but this will change as we get more data #bitcoin #BTC #crypto2023 #dyor #notafinancialadvice
Bookmap reveals liquidity to the downside at $25,800 and to the upside at $26,800 for #bitcoin . Which liquidity will the market makers delve into first? Always remember, anything is possible! #BTC #crypto2023 #dyor #notafinancialadvice
#bitcoin broke out of the symmetrical triangle with a huge pump but gave it all back and came right back into the pattern. Insane price action! Looking for a retest on the diagonal trendline. If price breaks back into the falling wedge, it could end up lower around $25,800. #BTC #crypto2023 #dyor #notafinancialadvice
The #bitcoin weekly chart showing a falling wedge. We could slide back down a little more and even retest the local area of support. But could the weekly get a pump to the upside? It's possible. Huge support on the weekly too as we haven't been able to lock in a lower low below support at 21500. #BTC #crypto2023 #dyor #notafinancialadvice
There is a major bearish divergence for the DXY on the 4H timeframe. The 3-day chart is overbought and says it's time to dump to the downside. Only time will tell, this could do anything. If it breaks above resistance and continues to rip, it will defy all probability. #bitcoin #BTC #crypto2023 #dyor #notafinancialadvice
The 3day chart for the TOTAL market-cap of all cryptocurrency spots a hidden bullish divergence. It does suggest that we would break to the upside. If we can get above $1.045T we could gap up through the VRVP to $1.15T. If it loses the lower trendline, if it loses $1.013T we're dropping back to $969bn then we'd have other stuff to look at and I'd be switching my tune #BTC #bitcoin #crypto2023 #dyor #notafinancialadvice
Looking at this ascending triangle on the 15min, and the big falling wedge on the 1H. The idea is if we get back above 26,700 we can probably get a bounce. There is gap in the VRVP which suggests we can get a move. #bitcoin #BTC #crypto2023 #dyor #notafinancialadvice
The S&P 500 made a symmetrical triangle and had bullish divergence but we got rejected. We couldn't get above this resistance at 4500 and that was a key level to get back above. And I often say, divergence is as strong as the resistance.
We clearly hit a resistance on the daily chart for #bitcoin at 27250. Had we flipped that level we could have gone up to 27,300 and probably continued upward. Anything could happen but the daily chart is suggesting we get a pullback.
3day hidden bearish divergence present on Tether dominance as the RSI swings up but price action swings down, and it's started to play out. And there's a hidden bullish divergence on #bitcoin and if the DXY drops USDT.D drops and we'd get a move for #BTC .