Monday 11th April 2022
BTC 12 hour chart
We have a perfected red TD 9 count with a buy setup - gold diamond
TD support is currently at $40,161.00
TD risk is at $40,,983.00
TD count has not restarted
A good area to buy would be in the $40,983.00 to $41,599.00, with low ball buys at the lower Fibb line of $38,531.00. We probably do not want to see it close below this level on a daily or weekly scale.
Short term profits could be taken at the Upper Fibb 1 and 2 levels of $46,867.00 and $48,310.00, noting TD resistance at $48,192.00
It looks like MACD has bottomed out and is starting to turn positive, hopefully turn green by 24th April
Volume and Price Oscillator by Neobutane has just flashed a buy signal.
Let' see what transpires BTC Bulls.
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Saturday 16th April 2022
BTC 12 Hour Chart
VPO oscillator flashed an oversold signal where price bottomed on the 11th April 2022 at $39,223, the indicator bottomed on the 12th April
MACD should flip positive tomorrow.
All the MA's are curling down
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Tuesday 19th April 2022
BTC 12 hour
BTC has been traversing sideways, forming a symmetrical triangle in red, which got broken to the downside
33 MA continues down
88 and 147 day MA's are flat
Price spiked sown on a wick to the 1 Lower Fib level, reaching $38,547, triggering falling into the buy area I had set
Short term profits to be taken in the converging MA area's between $41,851 to $42,490
Things are looking fairly rocky at the moment for BTC
But, the Volume price oscillator looks to be heading upward, MACD, has just flipped green but is remaining very flat, showing some indecision which is confirmed in the current candle, which wicked up to $41,100 but got pushed back down
On the daily, the candle looks more positive
With Squeeze momentum and money flow appearing to have bottomed out and curling up to the zero line
The middle bollinger band is at $42,972 and the TD Resistance is at $47,173, where more profit taking could be made if price reaches into these areas.
But not looking very likely at this stage unless there is some more positive news flow
$37,450 needs to be held, not closed below, otherwise there could be more downside to the $30,000 to $33,000 area.