I'm Feeling like they might set a bull trap, pushing higher above 7800 up to 8200.
Before the next bear run will start.
Faking the pattern.
Also with same pattern like previous small momentum.
Right now we can see obviously we have a pressure, but all depends how we will react to 7800.
Longer term, attached with planned news i do expect fall in between 3500-4500.
Everyone will be shorting at 7800 and pushing price to 8200-8400 would be extremely profitable for whales. Another bear run from 8200-8400 is really possible. But i have even greater news. Next bear run will be really bad for most of The alts. There is huge possibility that alts Could die up to 60-70% from current prices as BTC will gain dominance. So for us later would be The Best opportunity to buy alts at new crazy lows so we’ll be ready for 10x gains this year!
Bull trap may be even setted up to 9170 but im not that sure about that one.
I'm going to cover our current situation with BTC and where we could be headed.
For now, we are sustaining in bullish momentum, even tho we can't call this bull run in any meaning.
We haven't broken the strongest ressistances even by far. Which are far above 10k up to 12k.
Right now i would focus on 61,8, 78,6 and 200 EMA zones, which could play out perfectly in upcoming days.
Expecting re-test to 61,8 - 8600, from where we could fall up to 200 ema - which will be around 6800-6900 and there will be break or make, we will fall and come back to bear run below 6K or we will flash back to re-test 78,6 fib which is around 9160$. ( Shown on chart the possible scenario of our next days.).
We are almost on every point repeating the last drop consolidation. 6600-9800, 6900 - 11500 , from fib perspective, right now i think we have in play 5800-9200.
By fibonacci perspective this is almost the same as we were in previous this year.
For me i'm still keeping my capital in alts and will be opening positions with margin as we will reach my mentioned zones, fib 61,8,78,6 or 200 EMA.
Most probably going back to 8400.
If this area is tested and bounced we may stabilize to gain even more BTC dominaince.
I predict we will soon be above 60% of BTC dominance.
If down orange zone is broken, it won't take a long to see 3500$.
We had a further decline of 7100 from where we headed to find higher low around 6800 where is also 1.27 aligned.
We touched short-term up-trend and pulled back up.
From 4H perspective we are still in EMA/MA channel so we don't have confirmation for further bullish momentum. Even tho before daily candle looks kinda bullish and we are having crossover on 1H. This still doesn't confirms we are headed to 7,4-7,7k.
We may get back to the short term up-trend re-test and get back up, or flash crash just from here to re-test 6669-6650.
Right now, market is again becoming overlonger as BTCUSDSHORTS are getting rough days.
I think market should stabilize at some point between those 6669-6650 levels.
Both scenarios counts with 7,4-7,7 as a top. So if we flash crash or pump from this place we know what to do.
start DCA short from 7550-7750.
Long 6000 with S/L at 5700.
Hard long around 5,2k.
(Long term trades)
For our current daily opportunity we had short with around 6900+- which i halfed and re-opened back at 7100. And take profit just today at 6800.
Next intra-day opportunity will be announced soon.
For now staying flat.
Wanna know more?
Every single alts against /BTC value are dropping as hard as possible.
Most of my insights are there.