BTC NEW UPDATE Is Very Important Short

Bitcoin / TetherUSBinance

Description

⋅ May 26, 2021 8:45 PM

Hello Friends.

How are you today?

Today I wanna tell you something strange but it's true.

as you see, we are analyzing prices in a time frame weekly.

the price has been broken the blue line (base-line) and the green candle means it's just a pull-back.

after finishing this week, I expect a down-trend will begin.

The main target is 20-22 K.

Please be aware.

Watch the market. whales are waiting to sell at the highest price to you.

at this time, strong resistance is over the candles. it's about 44-45 k.

If the price candle will succeed to broke this resistance successfully, the next target is 53-55k.

After that, a new down-trend will begin.

I suggest you don't open long positions in future trade.

the situation is complicated.

it's my duty to warn you, after this analysis, you know what will happen in the market.

Everything is up to you.

Such as always please share this analysis with your friends and don't forget to follow me to see my next analysis.

BINANCE:BTCUSDT

Comments

Id_buy_it_for_a_dollar

⋅ May 26, 2021 9:23 PM

This scenario is very unlikely, because too many institutions have been investing into BTC. You should not analyze it like it was years ago, it is not anymore.

Tzuri

⋅ May 26, 2021 9:35 PM

@vitaly-t, institutes bought BTC on 30000, and sell it on 45000

and buy BTC again at 20000 USD. just imagine if they bought 1000 BTC in dip and sell it on 45000. it means 1000*15000=15.000.000 USD

so don't say that again. let's not go into details. Let's see what will happen in Market

pjcapital

⋅ May 26, 2021 10:23 PM

I’m curious, institutions flame that they are going in play, thou what about “smart operators” who could be pushing the price up now to dump it?

Id_buy_it_for_a_dollar

⋅ May 26, 2021 10:26 PM

@pjcapital, Crazy traders who are trading at 100x margin, they can do more damage than whales. And massive liquidations never teach that herd the lesson.

Ether2020

⋅ May 26, 2021 8:54 PM

Thanks for your analysis! Very possible. In my analysis I see higher targets but max 53K also. It is always excellent to have a larger view. I have made also an anlysis with the Weekly MACD on Bitcoin and that looks not good. But weekly is not 4 hourly so we still have some room to rise:-)

Tzuri

⋅ May 26, 2021 8:57 PM

@Ether2020, You are welcome. I'm waiting for an excellent hunt, Sir.

Ether2020

⋅ May 26, 2021 9:04 PM

@Tzuri, Thanks dear! I even think that we will possible go lower but there are a few things. The season is normally not finished yet. I would expect it more end of the year. If Bitcoin is going sideways for some time than the Altcoins have air to rise again. Bitcoin dominance is an interesting indicator. Problem in the Crypto's is that mostly all the ALTS move together with some exceptions of course which are pumped and dumped. The special pump and dump group are mostly responsible for that.

Tzuri

⋅ May 26, 2021 9:07 PM

@Ether2020, I believe the second zone of BTC is 17-19k. if BTC drop, ALT's will drop too. so it's the best time to buy and buy. wow. I was looking for this chance since a few weeks ago :D

Ether2020

⋅ May 26, 2021 9:12 PM

@Tzuri, What can happen is that BTC declines slowly, with some ups and downs but no agressive moves. Then it underperforms the ALTS which can go higher. But indeed if BTC goes down rather fast the ALTS do the same at a much higher speed and losses. I notice that some are hardcore believers in higher prices but I have not a real bias. I think to trade what you see and do it step by step. Of course we need to zoom out like we do to get an overall view. When in doubt zoom out is always working ;-)