let's share together about bitcoin /BTC for now we are talking about technical analysis, we see the BTC chart in the 1M (month) time frame, the red candlestick is still lit & the lower shadow has touched the strongest support line of BTC which is the number 63xxx where that number is the golden ratio of the Fibonacci number at 0.5 & has touched the EMA200 indicator.
the conclusion is : big traders / crypto whales are waiting to buy/sell at the end of this month. I hope retail traders are careful in making entry decisions, especially in future trading.
#yang if you have a different opinion, please comment, let's discuss together
BTC is experiencing consolidation for 3 days today, potentially taking liquidity at 38.43M. It is not yet time to take an entry position; we will wait for the next moments. (Trading requires patience)
BTC is still on a bullish trend in the 4-hour time frame, while in the 1-hour time frame BTC is forming a bearish engulfing candle. Will BTC break down or reverse to create a doji candle for the continuation of its bullish trend? Feel free to comment, waiting for your thoughts.
I am trying to analyze this viral VOXEL which has had an extraordinary increase in the past few days. In my opinion, it is not fully bullish yet because it needs to break through the trendline, and the EMA 100 has not reached yet, it just touched the EMA 50. My advice is to wait for the moment to enter, do not rush. (DYOR)