Im my last chart on BTC with the correlation with the DXY. You can clearly see when BTC dumps the DXY pumps. Even on the weekend when the DXY is not trading BTC does boring sideways action waiting for the DXY to open again. In my opinion we still have further upside with the DXY. We are currently trying to break through an ascending channel to the upside! We can...
The Anchored VWAP (Indicator in navy blue) has been pretty accurate in signalling the bottoms throughout the last bullrun, if this is to continue than a $10K BTC will definitely be in play.
******* Moon Bois Cry All U Want, Can't Argue With Facts *******
A symmetrical Triangle is formed and is at the end position of being brokenup or brokendown.
Let's wait for the perfect time of entry either into a short trade of long trade, depending on the next move.
I am Bearish on BTC till the next Year. No longterm bullish momentum is gonna occur in BTC Price action.
Here is a clearer visual analysis of where I think Bitcoin will be going. The bear flag formation from 35k and 48k has been confirmed and it looks like we could be going down to the next fib channel support which is around the 32k price range. If the 33k - 32k breaks the next support that Bitcoin must hold would have to be at arnd the 29k to 28k levels in which a...
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 42800 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 38k zone, once we will receive any bearish confirmation the trade will be executed.
trade safe , Joe.
I would say the double top at 45k is extremely bearish. BTC will attempt to make a higher low around the 42k "Bart" pattern but I think it will tank right through due to some geopolitical fear. All markets are impacted by the threat of war but that's just it: a threat. The threat will continue to drive prices down until the 30-35k floor is once again tested. BTC...
Hey traders, in this week we are monitoring BTCUSDT for a selling opportunity around 39k zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
After a while consolidating within 41k - 29k range it found resistance which is the upper descending trendline -- and is set to make a sharp drop into 20k zone. A corrective continuation beyond the upper descending trendline would then accelerate the impulse to the downside. Plus a bearish daily chart pattern is forming, if today's candle close intrudes well into...
I may be shooting myself in the foot here for posting this before
the daily close, but as of right now things seems bearish.
1. We broke down from our parabolic advance.
2. The sell volume as of 3 days ago was the biggest we've seen
since march. To me, this is a clear sign that BIG money moved out.
And it may signal further downside as retail traders fail to...
Bitcoin Update
Important Trend Lines
Bearish Trendline (Red)
Long term Resistance is being respected by Price Action. Price was not able to test it even. Breaking this Trendline will trigger $8000.
Local Trendline (Blue)
It was the Local Diagonal Support since the dump. Unfortunately, Closing Below $6900 on Daily will confirm a Breakout and Targets can be...
BTC just fell below it's short time trend and looks like it's in a new down trend as it's exiting the bear flag.
We have to wait for the confirmation but when it does confirm the new trend line...
So this road map is highly possible ,but as i said ,we should wait to see the confirmation.
Bitcoin is creating a H&S and a descending triangle at the same time. Dangerous territory. Market dynamic is bearish.
The TD SETUP AND COUNTDOWN in the 3D chart show us, that there should be bearish continuation at least till somewhen between the 13th and 19th of September (time difficult to predict).
Happy trading!
