My thoughts on a bearish scenario for INJUSDT. After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For...
Firstly, September 2007 - Lehman Brothers collapse March 2023 - Silicon Valley Bank collapse Asset correlations (bottom pane): Gold ( red ) - on a slow rise in 2007, same as today Dollar strength ( blue ) - bearish in 2007, same as today Nasdaq (orange) - bearish in 2007, same as today Indicators' inference : The top pane shows a...
Bearish pennant, formed on a downtrend now, continuation to the downside with a measured move to 25250
Bitcoin local targets to 27.5k, options expiration, bear-moon. high percentage chance to the downside here,
BTC$ looks like is getting weak here and might flip to bear, it needs to retest major support lines (25K) before continuing higher, sorry guys it can't just keep going higher, people lose money in this game and make sure to follow me so you don't.
We had already broken an uptrend from around $3,200 to the present in September 2022. The price, which has tried to break this trend as resistance many times, has failed every time. What will happen now seems uncertain. If we can successfully move the price above the trend, maybe we have confirmation of the bull season. But until then, it's good to be very, very careful.
Price is not respecting the important zones no retest I think it's a fake/scam pump it needs to retest if it wants to show a real move
There is a very serious negative divergence already present in the weekly timeframe. If it works, a possible catastrophic decline seems inevitable. If we fall to the target levels, I do not think that the support levels at the technical target can hold the price.
I still think BTC is heading to the baseline support around 12k, I am talking about further down from here below capitulation, moving further into desperation territory, followed by a long consolidation period. Why? because the downtrend haven't changed yet, together with equities cryptos are in a bear trend IMO. Bearish points: The 50ma has just crossed above...
Newbies are feeling FOMO at these price levels, coupled with a bearish divergence that is coming to an end.
BTC whckoff playing out. expecting little bit of upside here then a complete bleed
If the death cross materializes soon which i believe it will, we're going back to retest the breakout at 17.5. Looking for longs from 17.5k as i believe the bottom is in.
I know chart is a bit messy, but would like to publish asap to send this warning out to you guys! Many bearish indicator from bearish pattern to bearish divergence etc etc.....
There are many signs leads to $21000. 1st EMA200 on Weekly chart was just touched and may it will back to 21k. 2nd overbought on daily chart that make the correction should be as soon as to keep confidence in market. DYR it's not a financial advice.
hi my name is pedram , my idea for bitcoin it is. good luck & wish best please like and share my this idea, BINANCE:BTCUSDT
CE shows a Sell signal, and forming a M formation. Short entry is at the red line
After the W forming at 16-17kish price level we now see an M which means in my humble op that this is a trap for longs. Simple clean. Stay True, meme more. ***not a financial advice*** (This was made as a meme or maybe not...)