#BTC/USD
🐻 A bearish scenario
Weekly Fib time zone shows me that price can be at the top of the swing between 2.272 and 2.414 which is around the end of Aug.
so I think price can make a top at the resistance zone around $27k.
then start a downtrend and break down from the triangle or dump hard.
Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks...
Hello all!
This description will be short, my sentiment on BTC is bearish and I think if we can reach these targets it will pave way for our bullish moves everyone would like to see eventually.
We have failed to make a bullish break from our structure, I expect bearish moves to continue for the next week or two.
This could be a short squeeze opportunity, it is...
Hello guys, I am here to share my idea about BTC.
- BTC is going to a lower level where it is going to find support. It is going to stay on that level for few weeks, and then drop once more.
- After the first drop and there will be a second one, allowing BTC to reach 18k or maybe more/less.
- Then we can expect a big pull back.
This is just a idea, do not...
BTC is moving inside a bearish triangle , let's see how it can react to the support levels , but f it breakdown the down trend , the target will be around 20K
we are going to analysis two possibility , bearish and bullish scenario
which we are going to talk about the bearish scenario in this post and next post for bullish scenario.
we have two possible movement with in this bearish scenario.
1- retracing from the current area of 10200 - 9900 toward 7700-7300
2- going upward to 11200 area and then retrace back towards...
