I think that based on the current price and the Andrews Forks, it is possible for the price to fall to $25,971 within the four-hour period. Additionally, based on the occurrence of the second red candle, the fall can be predicted up to that point. Therefore, your profit limit can be around $25,971. Sounds good!
#BTC UPDATE 1 :
In 1W TF nothing much has changed from previous update the price of Bitcoin is still hovering between 19000 to 20000 range and we definitely want to find out whether the 19000 support is going to hold but if this 19000 support in daily and ultimate weekly broken then we should be preparing for the worst case scenario yes The Profit Station Family...
Just in my imagination and my perspective if BTCUSDT breakdown that Blue area. I can see a big Rounding Top Pattern over there and maybe BTCUSDT will visit another low. The current pattern still Inverse Adam Eve + Double Top Pattern but you guys need to be careful about that Rounding Top Pattern.
The final monthly support trend from all the way back to 2021 is finaly giving up. Btc has been in a short distribution fase of Wykhoff to get all the final liquidity and supply for a move downwards. As we can see from a higher timeframe BTC has broken the marketstructure. On the weekly we can confirm this. A downwards trend is holding the price down.
Important...
Padawans,
In our series tracking the market maker bots we can see for the last few days had we have had one Major market maker Bot, entering the market at 9,10, 11 am, Next week it will change of course, This just highlights to you that bitcoin meanders along for a while and then has these sharp impulses up or down. I am still short.
#BTC topped in my opinion. Tremendous liquidation opportunity for whales. The market moves towards the money. There are plenty waiting to get on board. This is an idea for the next month. Trade lightly.
BTC broke the trend line and closed below it.
MACD about to close from above, I speculate it will drop down to 46,428 Which is above the .618 in Fibonacci retracement.
