Elon Musk has been a real "FUD" for the crypto market and not just for bitcoin. He managed to break every possible position in the financial markets so now he is showing us all that the crypto market as well as stock is a manipulative market but not by banks he is manipulated by the trader himself and many are which is manipulative by traders holding large quantities of coins "HOLD"
Seeing a market that is currently stable from alt coins then I would emphasize that it is a stable market, but seeing Elon Musk saying and issuing his announcements on bitcoin consumption then we must say that we are without stable in it.
The weekly analysis as seen in the graph is an analysis which is supported by a support at 44k and a free fall to 38k so if today we will have a closing below the price of 44k then we will look at 38k as the strongest target but it does not remain after and 19k, this happens if everything is destroyed. We have created a huge market for almost 5 months in a market cap of 2.5Trillion Dollar and meanwhile someone wants to destroy it so suddenly?
No I do not think so I think that elon musk is managing to show traders that this market is easily manipulated and we should be careful of balances while he came out and in another tweet saying that he has not sold bitcoin and tesla, now he wants to keep it in a steady state between 45k and 50k where again there will be price re-testing if on the weekly chart it is pullback.
Daily H&S:
If we look at a daily chart then we see that the price can be talked about and continue in a bearish direction as it has formed an H&S which it has met but it has not met its target that should continue below 45k, if today at dinner we will have a pull over 45k then we will look at 48k as an alternative to sell again and continue again at 40k or 42k.
4H Wave Trendline:
In phase 4h we see waves which are continuous and followed by "TA" which are created several times as "Bullish Flag" and some as "Bearish Flag" while we go back to its trades, now we are we see another bullish flag creation that I think we will have a long month which will move from 42k to 60k and that will have up and down all the time in which we will stay in the alts season as this is a phase of altsave project.
1H Phase Correciton:
1h is a great hope offered mainly to alt-sas traders as they are traders who will influence and increase their balances in alts which are key in DeFi and NFT so we can review during these days that bitcoin be in a steady uptrend but absolutely that this could be the last $ 60,000 we will look at later.
Seeing a market that is currently stable from alt coins then I would emphasize that it is a stable market, but seeing Elon Musk saying and issuing his announcements on bitcoin consumption then we must say that we are without stable in it.
The weekly analysis as seen in the graph is an analysis which is supported by a support at 44k and a free fall to 38k so if today we will have a closing below the price of 44k then we will look at 38k as the strongest target but it does not remain after and 19k, this happens if everything is destroyed. We have created a huge market for almost 5 months in a market cap of 2.5Trillion Dollar and meanwhile someone wants to destroy it so suddenly?
No I do not think so I think that elon musk is managing to show traders that this market is easily manipulated and we should be careful of balances while he came out and in another tweet saying that he has not sold bitcoin and tesla, now he wants to keep it in a steady state between 45k and 50k where again there will be price re-testing if on the weekly chart it is pullback.
Daily H&S:
If we look at a daily chart then we see that the price can be talked about and continue in a bearish direction as it has formed an H&S which it has met but it has not met its target that should continue below 45k, if today at dinner we will have a pull over 45k then we will look at 48k as an alternative to sell again and continue again at 40k or 42k.
4H Wave Trendline:
1H Phase Correciton:
1h is a great hope offered mainly to alt-sas traders as they are traders who will influence and increase their balances in alts which are key in DeFi and NFT so we can review during these days that bitcoin be in a steady uptrend but absolutely that this could be the last $ 60,000 we will look at later.