In the anticipation, perspiration and determination of traders which find the greed on $30,000 price level.
It is just the starting of the robust bearish road to $15,000.
It is for the worst case scenario.
What comes up must comes down.
From my experience of trading, we called this a 'revesal momentum'
As fast as the eyes can see for previous momentum...
Bitcoin has been struggling from past few days. Credit could be given to numerous factors including suspicious Elon's tweets :)
Anyway, we anyhow predicted it earlier that BTC is under correction wave and it will touch Point C at round 44K and it did. If you haven't ready my previous analysis, I will add a link for you under related ideas below.
Going by the...
last week professionals did profit taking by their long positions. 48700 initial support even suspect break due to fast fall down. 452000 strong support area should hold to maintain bullish trend for longer term. 63300 and 65000 possible target soon, even suspect more bullish if breaks and hold above 65000
I just wanted to share my idea for ANKRUSDT base on my BTC Bitcoin forecast
This is just my personal opinion, I don't have any market background, this is just based on the facts i know about the market for now and what i see in the chart.
I'm doing this kind of charts for 2 weeks now, keep this in mind too.
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Highlighted by the red lines you can see major bearish divergence
Will be using this not to short but too find more entry points when this down wave is completed
Waiting for a reaction as support at one of the key levels highlighted...
As you can see the breakout has cleared expectations quite massively
It broke to our expected areas, highlighted by the % change ranges and also the 1.618 fib
However it then flipped these areas to support and has now reached the 2.618 fib
This is a crazy push, the MACD positive cross helped the momentum printing an almost $2000 candle
If it can flip the 2.618 to...