38k and this upper downwards trend line is still our ceiling on BTC.
Some of the crypto world is starting to get bullish now, buying at the bottom of this range, 30k to 33k, seems like a decent long.
This being said, we have remade our higher low. Not good. 4th rejection of upper trend line. 4h and 1d 50ma/100ma death crosses. Bad. Overall extremely bearish trend. Sentiment is low. Not much catalysts.
For me to get bullish the market needs to prove it. I need a break and close above both this upper trend line AND 40k for me to get interested.
MY PREDICTION = Next 24 hours, some 35k to 36k ranging then test 34k, maybe lower.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:00 = Triangle pattern completion
4:25 = Inverse of January trend
8:45 = Long squeeze or early pop?
11:50 = 30K swing trades
13:20 = 4h Golden Cross...
16:20 = BTC LTF
18:15 = MY PREDICTION
19:30 = Closing words
Some of the crypto world is starting to get bullish now, buying at the bottom of this range, 30k to 33k, seems like a decent long.
This being said, we have remade our higher low. Not good. 4th rejection of upper trend line. 4h and 1d 50ma/100ma death crosses. Bad. Overall extremely bearish trend. Sentiment is low. Not much catalysts.
For me to get bullish the market needs to prove it. I need a break and close above both this upper trend line AND 40k for me to get interested.
MY PREDICTION = Next 24 hours, some 35k to 36k ranging then test 34k, maybe lower.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:00 = Triangle pattern completion
4:25 = Inverse of January trend
8:45 = Long squeeze or early pop?
11:50 = 30K swing trades
13:20 = 4h Golden Cross...
16:20 = BTC LTF
18:15 = MY PREDICTION
19:30 = Closing words
