A lot of people turned very bullish last week, which is a major sign of a bull trap. When everyone is bullish, it's time to sell. Bitcoin and crypto in general are technologies that were brought to Earth by aliens. This is (the same as computers and internet) not a human technology. It's part of the plan to make humans cyborgs and for everyone to live in a metaverse to easily control the population. Luckily, no one wants to be a cyborg, and no one wants to live or play in metaverse digital reality. Bitcoin's price is highly manipulated by banks and freemasons, so forget about a free market.
On the chart we can see that the price is forming a bearish flag on the daily chart. For some reason the majority of market participants don't see this flag, or they think the price has broken out of the pattern. The truth is that the price is still inside the flag and always has been. I think the next logical target is around 72k (bottom of flag). We should see some reaction here, but I am not buying at all, I think later Bitcoin will visit 60k. But if you are an intraday trader, you can expect at least an intraday bullish pullback.
If you watch my idea, I am pretty much bearish since 125k, and I will be bearish until I am sure that Bitcoin has started a bull market. All my data and statistics tell me that the bear market will be even deeper, and prices like 48k are very possible in Q3 2026.
Let's look at volume. On the chart we can see that volume has been declining while price has been rising. This is a strong bearish divergence signal. You probably don't want to see that during a bull market. The price has been rejected by the 200-day moving average and by the top of the flag. Currently I am comfortable staying away from the market and taking advantage of short-term trades or shorts.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
On the chart we can see that the price is forming a bearish flag on the daily chart. For some reason the majority of market participants don't see this flag, or they think the price has broken out of the pattern. The truth is that the price is still inside the flag and always has been. I think the next logical target is around 72k (bottom of flag). We should see some reaction here, but I am not buying at all, I think later Bitcoin will visit 60k. But if you are an intraday trader, you can expect at least an intraday bullish pullback.
If you watch my idea, I am pretty much bearish since 125k, and I will be bearish until I am sure that Bitcoin has started a bull market. All my data and statistics tell me that the bear market will be even deeper, and prices like 48k are very possible in Q3 2026.
Let's look at volume. On the chart we can see that volume has been declining while price has been rising. This is a strong bearish divergence signal. You probably don't want to see that during a bull market. The price has been rejected by the 200-day moving average and by the top of the flag. Currently I am comfortable staying away from the market and taking advantage of short-term trades or shorts.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
Trade active
Trade closed: target reached
Prepare to enter another short position. Wait for a small pullback, then ready for 60k.
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💡Join my VIP group (signals, my trades)
xanrox.org/vip
✅Trade here, all countries, KYC free
bitunix.com/register?vipCode=xanrox
xanrox.org/vip
✅Trade here, all countries, KYC free
bitunix.com/register?vipCode=xanrox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.