Preface:
I am a German Trader so please excuse my English, I still hope you can enjoy my analysis :)
SMA20 = Orange
SMA50 = Blue
SMA200 = Red
Line Orange = Weekly
Line Yellow = Daily
Line Purple = 4H
I don't mention it often enough that my analysis are only a snapshot of my impression of the market. I always have a bullish AND bearish variant in mind. A bull flag MAY also resolve bearishly and a reversal formation MAY also fail.
Should my analysis contain continuation formations, these are always IN TREND DIRECTION forming. I trade only WITH the trend.
The most important thing is money and position management.
Do not try to bend the market, bend with your analysis to the market.
https://www.tradingview.com/x/I1x1apqs/
Hello all,
a short update of an analysis I already made in German a few days ago.
BTC is on the way to 50k.
All the details you can see on the chart.
What is not so obvious at first glance, however, is the fact that the volume is currently very low. If we compare the volume of the previous days, we see that this currently appears rather weak.
Also, the momentum has declined sharply (is not seen here), which means that the overall movement loses momentum.
ATTENTION:
This does NOT mean that BTC will not reach the 50k, it may even be that BTC rises above 50k, but there are clear signs that the trend is weakening.
Since we are in my opinion in a bubble formation
Consolidations are getting shorter and shorter and rises are getting steeper and steeper.
Is just now to pay attention that is worked with a very tight stop.
If you like the analyses, with pleasure a Like, then I know that I am on the right way with the information content.
Best regards and good luck
DCT-Trading