Weekly chart
https://www.tradingview.com/x/hqjNVjev/
Bitcoin seems to be on its way to make a higer high. Last week we had a nice rise from fib 0.5 to 0.236 where the course is stuck under the blue resistance zone. Last week's increase was no less than 9%. The rsi has also stayed nicely above the ema, but the rsi isn't there now. For more details we will have to zoom in further.
Daily chart
https://www.tradingview.com/x/monAEl5f/
Daily had a very powerful outbreak of the triangle, as powerful as the resistance line (- - ) even broke. The course also passed elocal high, creating a support zone (red). In the near future I will keep an eye on that level (11K - 11.2K) as well. During the rise d ersi has also risen a lot but you can see that the rsi is currently cooling down but the ema is still rising. We also see that the volume is dropping quite a bit. It wouldn't surprise me that BTC will first test the highs in the red part before an attack on the blue resistance block is done.
1H chart
https://www.tradingview.com/x/5bQAwg30/
The 4 hour chart this time gives a less clear picture than previous analyses, which is why we have included the 1h graph this time. On the 4h chart the price seems to be in a sideways trend (yellow) but could also form a bull flag (blue). For me at this moment a little too little information that can give a clear confirmation.
On the 1h chart you can also see that the price is always fluctuating in the range where a higer low is printed but no higer high. The ema's are still quite bullish but the rsi is in a descending line with the ema as resistance above it. At this moment the rsi is even about to cross the middle line bearish.
Conclusion:
On the lower timeframes I can't get a very clear picture. As far as the higher timeframes are concerned, it seems that we are going to test the red zone again and then continue the way to the blue resistance area.
If you want to read more analyses and on lower timeframes of me, please be welcome in our crypto Discord server.
