Omnath
31 posts


📊 WEEKLY TIMEFRAME ANALYSIS OF $BTC
We can see in the chart the upward trend that began in November 2022.
The head and shoulders pattern at the top is a chart pattern that suggests a high probability of declines, as has indeed happened.
This week's drop took the price almost to the 61.8% Fibonacci retracement level of the entire upward move since 2022, before it strongly rejected that level.
At the same time, the RSI has entered oversold territory, below 30.
I'm not a big fan of the RSI, MACD, and these types of indicators, as they always lag behind the price and don't anticipate anything, but the longer the timeframe they're viewed on, the more reliable they are.
What the RSI clearly shows now is all the pain the asset has suffered in recent weeks due to excessive selling.
We'll see if these levels have finally established a floor or if we'll continue to see further declines.
#cryptomarket #cryptocurrencies #BTC #Bitcoin

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NEW VIDEO : LIKE/COMMENT your sol wallet. 5 Will win an allocation to my meme coin.
Alt season. Is here. These alts are going to explode.
This is probably my most degenerate vid in a long time. Be careful. Make sure to view alone.
youtube.com/watch?v=svpW3y…

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Omnath retweetledi

@Degenomics2000 Correct me if I am wrong, but I think this is the Wenis who personally completed the KYC.

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