WHAT IS HAPPENING TO THE PRICE OF BTC

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/]

BTCUSD_20220109_222344.png

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/]

DXY_20220109_222755.png

Is only my own analysis,please check well before taking any trade .

(source)[https://www.tradingview.com/x/vswLVpEg/]

CAKEPERP_20220109_223358.png

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.

Posted Using LeoFinance Beta



0
0
0.000
8 comments
avatar

Congratulations @williamtboy! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 50 HP as payout for your posts and comments.
Your next payout target is 100 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 7
0
0
0.000
avatar

@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.

Posted Using LeoFinance Beta

0
0
0.000
avatar

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? :)

Posted Using LeoFinance Beta

0
0
0.000