divan1004

BTCUSD Bitfinex : Monthly

Short
divan1004 Updated   
BITFINEX:BTCUSD   Bitcoin
This is not an advice or something like that.
Dont take it seriously. I just draw some lines for fun.


I'm a 300K monnboi based on my own chart view & some kind of interpretation on possibilities on the crypto market.
So, I think BTCUSD's future calendar might be the similar one which I draw.

BTCUSD is now facing a cross-way at its time to determine on its further way.
It's not easy to bet our money to go long or short now.
And that's what MM does always.

They show some good & bad signal at a time.

Some moonbois are yelling that BTCUSD is about to breakout its bullish pennant soon.

Some bears are still keeping their cynical mind set on the crypto market.
They are keep talking that it's not a bullish market yet. It's just a dead cat bounce. It should visit its real bottom soon.

Every dude have to choose his or her own bet on the market now.

Of course, we can wait until we find an obvious market direction.

In my case, I have 2 TA. One is very bullish one which says that BTCUSD has been touched its historical bottom that are designed by the MM.
That TA shows the way to the Moon to me. I don't need to worry about short term market fluctuation, because BTCUSD has touched its bottom(3.2K) already.

But,
I think the crypto market needs some more time to be soaked to the real world.

I said I'm a 300k moonboi. But BTCUSD & the crypto business should have to find its usefulness in the real market first to get bullish market.
My 2nd Chart shows that BTCUSD is need to test its bottom(app. 1K) to go higher.

Anyway, keep your own study & take your own risk.

Good luck.
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Patterns

Weekly NVT hidden bearish divergence
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Fibo circles based on the first cycle

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supported by 100 weekly ma.
let's see whether it sustain or not.
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Hidden Bearish divergence


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