Finally something big is coming up and it is a short opportunity for BTC. As you can see there is huge bearish divergence on RSI, bearish divergence on MACD, all on daily chart, what did not happened for very long time. Everybody is bullish on social media, red laser eyes and another shits but BTC need correction and it is irreversible and necessary. My targets and potential levels are two. First around 40k (Im sure that will happen) and second what im not sure if happen is 20K. On weekly chart is also huge bearish divergence on RSI, what can also tell you that everybody should be aware of dump.
It is really good for BTC that institutions are buying and everybody want bitcoin, but what will happen if they start to be in loss after btc bitcoin dump ? If they sell, we are gonna have a big problem. So there is also question, what reaction of big institutions will be after big starts dump, if they will have balls to hold it or they start to sell and big fear will spread into the market.
If anybody finds my thought helpfull, please iam welcomed for btc gifts :D
my btc wallet:
bc1qq5tplyvek08rzpldz8dnnx2zqmhlx4swxevft4
It is really good for BTC that institutions are buying and everybody want bitcoin, but what will happen if they start to be in loss after btc bitcoin dump ? If they sell, we are gonna have a big problem. So there is also question, what reaction of big institutions will be after big starts dump, if they will have balls to hold it or they start to sell and big fear will spread into the market.
If anybody finds my thought helpfull, please iam welcomed for btc gifts :D
my btc wallet:
bc1qq5tplyvek08rzpldz8dnnx2zqmhlx4swxevft4
Comment:
Here you can see huge tripple bearish divergence on RSI for weekly chart. It will be interesting :D
Comment:
Another thing is there is lack of liquidity on the market because almost every big investor withdraw their btc from market and this market is also over-leveraged with longs so this is recipe to big and fast flash crash. Like i said, 40K area is in my opinion very likely to happen and for 20K I would set just orders in case of flash crash.
Comment:
BTC is actually under MA231, on 4H chart it is two times confirmed, this is first time since end of January after bigger correction, what BTC is under this line, but this time, it is just a beginning.
BTC is actually under MA231, on 4H chart it is two times confirmed, this is first time since end of January after bigger correction, what BTC is under this line, but this time, it is just a beginning.
Comment:
first target done, i told you that iam sure 40k will happen but in that times, bitcoin needed more time for settlement.