BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi everyone, after the post of comparing Bitcoin in daily chart with Gold in weekly chart in last few hours ago, this post is short term of Bitcoin and detail about the way to 53xx - 5xxx.

Same as many time, I just use simply indicator: MMAR + Ichimoku cloud + TD - Sequential

First, look at the MMAR, the short average far from long average show we have been staying in strong downtrend and Bitcoin need pull back little (correction) to balance market. The target for pull back is 67xx zone.

ATTENTION: Bitcoin can not pull back and straight dropping to 58xx if it can not break 65xx like the last predict of me ( BTC pull back to 72xx but it just try touching 71xx and boom), you can see this chart:

There are 2 way in 67xx, if break up so keep pumping to 72xx, but if not so go to hell 53xx - 55xx.

If Bitcoin go to hell zone 53xx - 55xx we will see some pull back with target is the major zone of supports and resistances.

All analysis in above and you can enjoy. Using Fibo 2 and Fibo extend you can find importance zone!

Good luck and smart invest! Dont forget put a LIKE!
Comment: Target 53xx like this chart:
Comment: Hi guys, crazy man name Bitcoin, we dont have any pullback. In above I talk you need careful because Bitcoin may not have pull and come to 58xx. Now it happen!
Comment: The middle term downtrend of Bitcoin in last is slowly but this time we are in strong dropping and fast showing the market is panic and they are not interested in the market anymore.
Comment: If Bitcoin drop to zone 57xx - 58xx you can Long and make fast profit and get out the market!
Trade active
Comment: DCA you money from here 60xx$ to 57xx and wait the market bounce
Comment: We also have good accumulate and perfect action in zone 60xx -61xx and standing in 63xx now. Target keep be 66xx - 68xx before dropping again!
Comment: Bitcoin dropping suddently to lower zone, wait back bounce before final dropping
Comment: Bounce back success from 58xx to 62xx, now is final dropping!
Comment: Hi guys, we are in strong resistance, all you guys can try SHORT now:
Comment: new chart update:
Guys I saw this message somewhere, please let read it and reason with the contents.

Bitcoin ETFs

I wasn't sure I would go forward with this, but I feel a moral and ethical obligation to. And while this is really going to upset and possibly enrage the close friends I have who work in some of the larger named Investment Banks on Wall Street, I want to share this with everyone I can reach in the crypto space and let the chips fall where they may. Here's the deal:

The market has done a great job of convincing everyone the Bitcoin ETFs are the end-all be-all for crypto growth. (They're not. At all.)

But they want you to believe this to get the prices down really really low for Wall Street. And everyone seems to be playing right into their propaganda. Realize that Bitcoin ETF's have been applied for and denied going back the last 5 years.

With our recent run testing a $1 Trillion crypto market cap, Wall Street woke up and realized holy hell there is actually a ton of money to be made in this space and it has barely begun. But they missed the boat! So they want in, cheap; Convince everyone these ETF proposals are paramount for the market to ever go up again. (What a joke!). Realize the most likely scenario is these Bitcoin ETFs will not be approved at all this year until early or late next year; all the while using each delay and denial to further drive down the price of BTC. We can stop this if we stop giving credence to their propaganda that is the importance of the ETFs.

Clearly the ETF Proposals are clouding the crypto space to the point it is absurd and ridiculous -- you see it, I see it, and yet we are all playing into it and spreading their manipulative message. Entirely too much focus is being placed on the ETFs.

What everyone needs to be focused on is the technology and adoption. Stay focused on the technology and adoption of crypto, it's what got the market to nearly $1 Trillion already, and let's all let the ETFs do whatever they're going to do.

If we can get everyone on the same page here (and if we work together we can) Bitcoin will brush off the ETF bull shiitake and the crypto market will continue to grow massively with the awesome developments in the crypto space. Do not give Wall Street the pleasure of seeing you Tweet, Post, YouTube, etc anything having to do with the ETFs. Just stop. Let's bring it to a full stop my crypto friends.

Will you do your part to help the crypto community get back on track with focusing on what really matters -- the technology and adoption. Shine the light on this important message and share it with all. Thanks in advance.

Together we are unstoppable.
Very Respectfully

Sorry for forwarding but at least it will help someone.
I completely agree ...
Do you not expect extended recovery? A little bit over 6300, maybe?
blahblah5585 dandybundy
@dandybundy, he already said what he thinks and....you just asked him what he thinks. Lol
Look like a bearish expanding triangle with target around 5800
I appreciate your charts and analysis very much! Thank you for sharing these. Does the pinbar/dragonfly daily close mean much to you here?
Thanks buddy for the meaningful updates. Many analysts just react to any change in price but u update when there's important meaning behind the price movement. Keep it up
Ive made 1 chart like yours on tv so i can follow your charting style , thanks for the share
+1 Reply
xuanhaimmoer thewozzaman
@thewozzaman, you are welcome!
bitcoin rip..

+1 Reply
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