Bitcoin Technical analysis: the Pros and Cons on multiple indicators


The 3 bearish scenarios on BTC are still valid:

- Bottom at 10K on November 7, 2022:
https://www.publish0x.com/the-king-of-crypto/btc-technical-analysis-on-daily-and-weekly-bottom-skpeculatio-xgjjyzk 

8b56a500a729294b2135cb639b776951c0fe487b8e4913b22a7948d4ec478dea.png

 

- The Wyckoff distribution in action with Elliot waves and Fibo:
https://www.publish0x.com/the-king-of-crypto/btc-down-trend-continuation-with-wyckoffs-distribution-patte-xzgnxjr 

 

709ab144a92b70b5d7292baddd18d7bfbd5b62d8cb50b1ab898c3d469e452ab8.png

 

- BTC with moving averages, volume profile and fibo:
https://www.publish0x.com/the-king-of-crypto/btc-daily-and-weekly-technical-analysis-down-trend-continuat-xxzyxjg 

 

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The 2 bullish scenarios that still hold with the three weekly moving averages that I monitor: MM 62 / MM 162 / MM 262 but I don't really believe it because of the QT (Quantitative tightening) that has just started it's been 4 month (DYOR) and a lot of reasons towards a continuation of down trend, this is not advice I just take what the market shows me and I try to buy fear in DCA while waiting for the confirmation of the Bottom and then the return of the bull run. Finally I try to speculate but I could be completely wrong!

- Not far from the Bottom:
https://www.publish0x.com/the-king-of-crypto/best-moving-average-and-btceth-reversal-xvmwogj 

 

dae46ad394e1ef194214c6c66b693e9f7c9c19ed06f308f57f91c92650299c77.png

 

- The BTC confirms a Bottom in an accumulation range! but watch for the positive correlation with the S&P 500 and negative with the DXY!!!
https://www.publish0x.com/the-king-of-crypto/the-btc-confirms-a-bottom-on-a-range-of-accumulation-but-to-xyeyrll 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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