According to the price of btc. Btc bearish trend get down to 40766k.
From that 40766k ,it seem that btc want to start to rise small because from the indicators i just show ,it seem that the TDI indicator,want to break the blue bollinger bands,once the TDI indicator break the upper bollinger bands and retest,we will expect a small bullish trend from btc.
Accordind to MACD indicator,the indicator has cross the zero middle line of macd.
(source)[https://www.tradingview.com/x/EW2q77rk/]
But before all this things will happen, btc will have to break the 43756k,once it break it,is that time we will expect a short bullish trend from btc.The bullish trend may get upto 46000k.
There is another thing we need to check is,the dxy chart.We are still waiting for dxy to break 95.517k.Once it break 95.517,we will see a very sharp bullish trend on btc and some othe crypto currency.
(source)[https://www.tradingview.com/x/vswLVpEg/]
Is only my own analysis,please check well before taking any trade .
(source)[https://www.tradingview.com/x/vswLVpEg/]
According to dxy analysis above,once dxy break 95.517 we will experience some short bullish trend on CAKEPERP. We are expect things to get better on crypto this new week.
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You're welcome @williamtboy, that's with pleasure! Have a nice day 😊👍
Thank you
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@williamtboy, thank you for sharing your BTC/USD analysis. It is an interesting one. But, I would like to ask you why you refer to DXY? What is the correlation between BTC and DXY? Could you explain your point of view a bit more.
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If DXY is selling, BTC will be buying and Eurusd will be buying
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I'm taking the long view with Bitcoin, as I was around when it was first developed and offered to the world. Back then, you could get 5 BTC for free, from the first wallet. Can you imagine? :)
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That's it
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