Expecting BTC to continue its push down range against the AUD off the back of interest rate hike news expected out of australia in the coming minutes. Expecting price to reach indicated TP-1 level and may even continue to push down further.
Monday 9th May 2022
The ascending channel is still in play
In this current bear, this is the second time it has tapped the bottom of this channel, so it could be getting ready to spring board up
But with all the uncertainty around at the moment, there could be some more downside, with wicks down to the next lower fib curve at $42,328.
So long as closes are...
Blazing into fresh grounds 🔥
Bitcoin Average Est. Hashes P/Sec
*Note* Current diverging strength 💪🏼
of the #HashRate as compared to
Softer BTC/Crypto Price action.
Detailed Variants of Idea Chart Below :
This won't end well for compulsive bears... New ath any moment, but for now be careful of the bull trap anove 39700 USD and keep some funds available if we touch down near 33333 USD, Grayscale is buying at the monthly trendline so anyone one who is dreaming about btc under 33k will be shorting straight into the wallets of institutions that know how to make...
Broadening Descending Wedge/Bump and Run bottom.
Reach 0.1272 Fib and head and shoulder rejection.
Fall. Flag. Fall.
While making yet another Broadening Descending Wedge/Bump and Run bottom.
This is pattern after pattern, and the time duration and patterns in a row, are the same.
We're in for a shocking October. But, buy the f*ing dip.
BTCAUD BUY TRADE SETUP FOR INTRADAY.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.