Today we will discuss about BTC and why we are really really bearish in this moment! As you can see BTC broke the black trendline like it did in may. we can see like we have also the green trend line that is the resistance on the upside and BTC touched it perfectly in the 8500 region about a week ago. In the past few days we saw like btc crashed really really hard and now we're seeing a little correction that would take us to probably 6650 maximum, but i think we're going down and we won't touch 6650. anyway like you can see the rsi is about to be oversold and BTC will go oversold in the next days... so now we need to stay calm and concentrated on btc cause it has a big dominance and it will determined the entire market! so now stay focus on this one! We will broke the 6k region and then probably the 5k, and this will be the last downside movement!
This is all for now, have a good day guys, see you later!!
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As you can see we're in this downtrend channel and we will stay here for a while and we can see some fast upside movement and then we will go down.. now BTC has a resistance at 6100 and when we will broke this one we will fall lower
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in the weekly we're going to broke this big triangle and when we will break this one we will fall hard and i think the best target will be from 4900 to 4500 region!
the 4hr graph is bearish, I agree we are goin to break the 6.1k support but have my doubts about the second target
BusyWithCrypto
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@Javieralexvr, we will see but I can now say that we’re going down really really fast and break the 5k region is now more possible than ever
Javieralexvr
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@BusyWithCrypto, whats are your toughts with this new scenario? BTC touched 7150 key level, fomoist are coming in but we are still on bear trend
jollygreen
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Hmm let's see, you say "DON'T BE MANIPULATED" and "BTC IS GOING LOWER 6K". No one could know that in the current market conditions, so it sounds like you are trying to manipulate people.
Look at the 1 day graph bro. Bull signs are on the MCAD, RSI, and STOCH. Also, the candles end with a green doji and go up from there which = potential higher prices short term.
Gl with your sub 6k shorts though.
BusyWithCrypto
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@jollygreen, look the weekly one and do not concentrate all the attentions on the daily. In the weekly you can see like we have room to fall lower
jollygreen
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@BusyWithCrypto, we'll see. There's always room to go lower, but balls bounce when they are dropped.
i see a moving up to 6750 so that we can reset the rsi for lower prices. and i'm pretty sure about that. let's see what the future holds but longer term, yes i do believe we will see below 5k.
BusyWithCrypto
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@tingispingis, for rsi, I think we will not broke 6650, anyway yes, short term btc is heavily manipulated but mid long term I also agree with 4600 region