Let me preface that this analysis is not a prediction of bearish price action. My short-term bias is still bullish and I wouldn't be surprised if we make a new ATH before the halving.
That being said, I can very well be wrong on my bullish bias. Trading consists of IF>THEN. IF Bitcoin loses the uptrend, THEN we wait for the price to reach the bottom support of the channel.
We can also see a clear bearish divergence on the 3D chart (at the moment). Bears will be happy to see it, but I doubt it will post a long-term threat to the bulls.
hi, good time. Can you please analyze fetusdt,thanks
Ajoiii
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Will 55k be the new support then? (Upper channel trend line)
pullbacksignal
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pullbacksignal
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nicely presented
CryptoMonstersOfficial
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I think I was right on the spot mate
Monhbilguun4u
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i think its hidden bullish divergence how do you know its bearish?
esva-trader
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Do you think we'll be in a downtrend even after the halving? I can see a pullback to the channel midpoint but I'm not so certain BTC will have time to touch the bottom of the channel. It's totally possible though and would make a good entry point. I'd still look to DCA at the midpoint as well.
luigi360swirl
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🔥
fastprofittrader
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Good analysis and possible scenario, thanks for sharing