The daily for BTC again looking very bullish short term, IMO this is pre Halving hype and we will be in for a correction. I had previous targets for both up and downside and I still stand by those targets.
This bull flag is obvious as this week is pre Halving week so a pump to test around the 10K levels would be very possible, 10.2 also very possible. The $9500/$9550 mark is a ket point to break though I dont expect this pump to hold, as we can see we have been held between the $8800s and $9500 level. A dump will be inevitable IMO but we will wait and see.
I will post other indicators I use and also other time frames to try and explain my reasoning for my predictions but I do find it hard to explain, hence the details on my charts are not very good. I draw them, trade them, I just can't explain them lol.
I think BTC is running out of steam and is only being held up by the pre Having hype and will drop to possibly the $5K mark as I have previously charted and said also. My charts are more explained on Twitter.
Short term, the levels will be between $8600s to possibly $9500s and after the Halving hype begins to slowly go away, I think Bitcoin will dump, and dump hard.
Large institutional buys and also smaller retail buys are having an impact on the movement at the minute, accompanied with the Having in only 6 days could test the 10.2K mark but the shaking out of 'weak hands' and also FOMO trades both long and short stop losses that have been set will all be targeted within these next coming weeks.
Be careful trading, IMO right now the best bet would be DCA and HODL until things settle down and become a little more clear and steady.
The VPVR PoC is still sitting around the $7200 mark and developing control also downside from current price. The vol developing would be towards the 10K+ level using this indicator but again, it is Halving week and there are alot of usual news and talk of what happened in previous Halvings, so personally, I still stand by my longet term, post Halving predictions for price and that is a dump to low price levels.
I apologize for the poor descriptions but I do hope you can see what my charts are saying to you.
Thanks for your time, I hope to publish more soon with other indicators and hopefully better descriptions.
This bull flag is obvious as this week is pre Halving week so a pump to test around the 10K levels would be very possible, 10.2 also very possible. The $9500/$9550 mark is a ket point to break though I dont expect this pump to hold, as we can see we have been held between the $8800s and $9500 level. A dump will be inevitable IMO but we will wait and see.
I will post other indicators I use and also other time frames to try and explain my reasoning for my predictions but I do find it hard to explain, hence the details on my charts are not very good. I draw them, trade them, I just can't explain them lol.
I think BTC is running out of steam and is only being held up by the pre Having hype and will drop to possibly the $5K mark as I have previously charted and said also. My charts are more explained on Twitter.
Short term, the levels will be between $8600s to possibly $9500s and after the Halving hype begins to slowly go away, I think Bitcoin will dump, and dump hard.
Large institutional buys and also smaller retail buys are having an impact on the movement at the minute, accompanied with the Having in only 6 days could test the 10.2K mark but the shaking out of 'weak hands' and also FOMO trades both long and short stop losses that have been set will all be targeted within these next coming weeks.
Be careful trading, IMO right now the best bet would be DCA and HODL until things settle down and become a little more clear and steady.
The VPVR PoC is still sitting around the $7200 mark and developing control also downside from current price. The vol developing would be towards the 10K+ level using this indicator but again, it is Halving week and there are alot of usual news and talk of what happened in previous Halvings, so personally, I still stand by my longet term, post Halving predictions for price and that is a dump to low price levels.
I apologize for the poor descriptions but I do hope you can see what my charts are saying to you.
Thanks for your time, I hope to publish more soon with other indicators and hopefully better descriptions.
Comment:
Forgot to mention, RSI in oversold territory and also the MACD is beginning to reverse on itself, both signaling a downturn coming in the next few days which will most likely be post Halving.