Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTC /USDT - H:4 - Time frame
📌 PRICE ACTION - FIBONACCI - BEARISH DIVERGENCE - FUNDAMENTAL - ichimoku cloud
📍 ⚠️ BITCOIN chart looks so scary in my eyes ⚠️ 📍
🍀 First, I have to apologize for my absence in the past week. I am looking forward to update cryptocurrency markets
📍 In the H:4 time frame I can see two bearish divergences which may lead the price back to the 50k-53k price zones.
✍🏼 Along with the latest ETF NEWS, I am starting to worry so much about Bitcoin chart, I PERSONALLY see the latest ETF news as a horrible news which I am going to explain why:
1- BTC is one of the most decentralized if not the most decentralized asset in the world and with ETF news the decentralization part about BTC does not make sense any more!
2- Bitcoin does not like regulation in general; and again with ETF regulation this aspect is also questionable
3- Bitcoin is all about the peer to peer money exchange world-wide; ETF does not like that either
⚠️ Another thing: If I want to store all my Bitcoin in a centralized bank and start to pay taxes; why can't I buy GOLD or other stocks? 🤔
📍 From technical analysis point of view, I see two bearish divergences in the chart in RSI and Price
📍 From ichimoku cloud point of view, I can see a red cloud in the given dates which either can stop or drop the price to the kijun line
📍 From Fibonacci point of view, we did not see a pullback to 0.618% and 0.5% zones which are really necessary for the future growth
📍 I also see the last pump not as an ETF miracle, it was all technical along with a little bit of FOMO and NEWS
TO BE CONTINUED
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTC /USDT - H:4 - Time frame
📌 PRICE ACTION - FIBONACCI - BEARISH DIVERGENCE - FUNDAMENTAL - ichimoku cloud
📍 ⚠️ BITCOIN chart looks so scary in my eyes ⚠️ 📍
🍀 First, I have to apologize for my absence in the past week. I am looking forward to update cryptocurrency markets
📍 In the H:4 time frame I can see two bearish divergences which may lead the price back to the 50k-53k price zones.
✍🏼 Along with the latest ETF NEWS, I am starting to worry so much about Bitcoin chart, I PERSONALLY see the latest ETF news as a horrible news which I am going to explain why:
1- BTC is one of the most decentralized if not the most decentralized asset in the world and with ETF news the decentralization part about BTC does not make sense any more!
2- Bitcoin does not like regulation in general; and again with ETF regulation this aspect is also questionable
3- Bitcoin is all about the peer to peer money exchange world-wide; ETF does not like that either
⚠️ Another thing: If I want to store all my Bitcoin in a centralized bank and start to pay taxes; why can't I buy GOLD or other stocks? 🤔
📍 From technical analysis point of view, I see two bearish divergences in the chart in RSI and Price
📍 From ichimoku cloud point of view, I can see a red cloud in the given dates which either can stop or drop the price to the kijun line
📍 From Fibonacci point of view, we did not see a pullback to 0.618% and 0.5% zones which are really necessary for the future growth
📍 I also see the last pump not as an ETF miracle, it was all technical along with a little bit of FOMO and NEWS
TO BE CONTINUED
Comment:
ichimoku ckoud looks scary along with the HUGE gap between Tenk and kijun which has to be filled with the price
Comment:
If we expect the price to touch the 65k price zone, we should wait for a re-fill of the previous Fibonacci retrace zones
Comment:
At the end I would like to inform you guys that this is not a financial advice and or buy or sell signal
Please decide on your own and do your research
I just to express my idea about the charts and TAs
Have a good life
NP Trader
Please decide on your own and do your research
I just to express my idea about the charts and TAs
Have a good life
NP Trader
Trade active:
This TA is valid until the 65k zone, if the 65k zone is broken we will reach 71k then 80k easily
Trade closed: stop reached:
65K zone is broken