BTC Moonphase transition $50k to $45k
We are actually at 1 days to change into a new moon
As you can see in my charts, but i will aslo share my full analyze to validate it.
So we actually have: chart in my Twitter
-Bullish Divergence on the 8H.
-Bearish Divergence on the Daily.
-RSI at the Bottom and the Support in the 4h, im qaiting at his little bounce and get rejecting by the trendline in the resistance and drop in the next 1-2days.
-Macd in the 2H change the momentum and thats will give sens if BTC pass the 20 Ema for uptrend and breakout down after thats to 45k.
-Actually he pass the 20 Ema who is a strong support, its can be perfect that he close the 2H candle on top retest it and continu.
All is now based on Support and Resistance , pass (up) or break out (down)
Conclusion:
What im think is that bitcoin going to retest the resistance at 50k$ first, its explain why we have a bullish divergence on the 8H but i believe that he will get a reject. If you remember on the daily we got a bearish divergence that can make sens if btc failed to pass the resistance at 50k on 5th October and then going to drop at 45k on 6th to 7th October to retest the support. All make me thinking about that this full analyze is actually making sense for the next moon.
Now, im going to finish this post with a part of acknowledge about the Moonphase indicator
Definition
The Moon Phases indicator displays moon phases on the chart. A dark circle indicates a full moon , a bright circle, a new moon . Bars between full and new moons are colored accordingly, as growing or waning.
Summary
Some investors and traders believe lunar cycles can impact markets because of their subtle gravitational impacts on Earth and market participants. The Moon Phases indicator is a tool for watching that. It displays moon phases on the chart. A dark circle indicates a full moon , a bright circle, a new moon . Bars between full and new moons are colored accordingly, as growing or waning.
As you can see in my charts, but i will aslo share my full analyze to validate it.
So we actually have: chart in my Twitter
-Bullish Divergence on the 8H.
-Bearish Divergence on the Daily.
-RSI at the Bottom and the Support in the 4h, im qaiting at his little bounce and get rejecting by the trendline in the resistance and drop in the next 1-2days.
-Macd in the 2H change the momentum and thats will give sens if BTC pass the 20 Ema for uptrend and breakout down after thats to 45k.
-Actually he pass the 20 Ema who is a strong support, its can be perfect that he close the 2H candle on top retest it and continu.
All is now based on Support and Resistance , pass (up) or break out (down)
Conclusion:
What im think is that bitcoin going to retest the resistance at 50k$ first, its explain why we have a bullish divergence on the 8H but i believe that he will get a reject. If you remember on the daily we got a bearish divergence that can make sens if btc failed to pass the resistance at 50k on 5th October and then going to drop at 45k on 6th to 7th October to retest the support. All make me thinking about that this full analyze is actually making sense for the next moon.
Now, im going to finish this post with a part of acknowledge about the Moonphase indicator
Definition
The Moon Phases indicator displays moon phases on the chart. A dark circle indicates a full moon , a bright circle, a new moon . Bars between full and new moons are colored accordingly, as growing or waning.
Summary
Some investors and traders believe lunar cycles can impact markets because of their subtle gravitational impacts on Earth and market participants. The Moon Phases indicator is a tool for watching that. It displays moon phases on the chart. A dark circle indicates a full moon , a bright circle, a new moon . Bars between full and new moons are colored accordingly, as growing or waning.
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