Very simple Analysis here. When Btc closes above the bottom double bolinger band, it pumps to either the basis line (mid-line) or all the way to the upper band. The basis is currently at 28000. Simple as bb's are, it is more often accurate than not. I guess we'll find out soon enough.
Simply looking at the Daily chart, I can confirm that we are about to see 28k again. Break of previous highest daily candle, good volume, Coming from a super over sold drop. Guys...WE ARE ABOUT TO RETRACE!
BTC SHORT i the book map showing liq down so more likely we go down and us u see there is a fake out here on the trend and we at res and the tdi is make shark fin so more likely to drop i tried my best to explaing why i am taking this xd
When in doubt, zoom out. Ill keep it simple this time. High chance of a similar return to 28.9k in coming day(s). As always, not financial advice.
Looks like to me BTC will be meeting $34k in the very near future to test those range lows. At that point a lot of confidence will have tethered and we could see further falling to the $28k levels - I don't see it going much lower than that.
It kinda makes sense to run the FOMC high then dump it, the deviation + trendline break gives a nice setup
BTC has been on a steady downward trend (within a descending channel) and looks like it is consolidating for another downward move towards $28k. Volume has been significantly lower over the past few days also. My wild, out-of-the-box estimate for this 15%-20% dump is within the next 24 hours.
As of now, it should be pretty clear that we are on a rising channel. Given the fact that this is just the beginning of the long term bull market, there's simply no way we can clearly define which channel the market is following. In the graph, it is defined by the blue, red and pink lines. (With the pink lines as the least confident ones, best suited for short...