BTCUSDT weekly overview update

3 мая 2022 г.

If price action stay below 37.2k, we can see a downtrend in the next week. Price above, we can expect a right shoulder formation. I'm thinking is most probably a pullback to 40k after breakdown. Oscillators: Ehler's Even Better Synewave and Ehler's Smoothed Stochastic.

4 мая 2022 г.

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BTCUSDT reached peak of this cycle at 39k

4 мая 2022 г.

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Ehler's Fisher Transform oscillator shows trend reversal signal crossing on H1 chart

4 мая 2022 г.

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BTCUSDT showing a bull trap on this falling wedge in a double top formation peaking at 68.1% Fibonacci Retracement on H4 chart

4 мая 2022 г.

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Strong selling pressure show on Chaikin Oscillator w/ target at 34.5k projected in confluence w/ AB=CD pattern on weekly chart