It seems that the media and press have once again launched an attack on Bitcoin during bear markets, with the intention of eroding the confidence of cryptocurrency holders, particularly those who own ether and bitcoin. The current attacks seem to be motivated by the future implementation of the weight of the coercion and coercion apparatus that is the state...
Given that at this very moment the market has to possibly react to the previous support zone before we can sell again with a (fib 71 & support confluencing) then overall, BTC Is forming an patter. If this pattern holds at $11,600 and we see a possible reversal pattern then BTC is going to boy back on a bull run but regardless we need to be aware of tricks of the...
Mass hysteria and panic was achieved this week
similar to past capitulations
We are due a bounce.
Let's watch & see how it plays out...
I am long ETH spot, and quite happy at picking up a long term bag for close to an 80% discount.
Arthur Hayes has a 10K target which i concur with.
Bitcoin currently below last summers local support lows.
$28k-$30k not even close to looking like support as BTC mark-down dips below $28k.
Support between $19.1k & $13.8k in range, lowest support level >50% from current $27.6k price when looking at monthly chart.
VWMA 7 currently crossing below 100 EMA on weekly, while MA6 crossing below MA18 on monthly chart.
It is a good thing to learn caution from the misfortunes of others. What's not as often discussed by all those crypto promoters (Youtube, Twitter, Telegram ...etc) is the great number of people who have lost significant sums trying to become rich by investing in crypto.
I hope everything is going well for you or at least you have some spare cash for the black...
The Head & Shoulders Pattern signifies a change of trend from Bullish to Bearish.
The Left Shoulder is the initial push by speculators. The Head is the major push by speculators.
The Right Shoulder shows us the speculators have now failed to push the price higher then the Left Shoulder once more, a sign of weakness.
Confirmation is followed by a breakdown of...
Bitcoin price broke 38K level with a massive bearish bias down trend, this put BTC in a critical point as it's placed below most of reliable moving avergaes, previous demand areas, pivot points as well as no REAL support is on the way till 30K, with the fear and fud spreading, considering the fact that bitcoin investors or crypto in general are no longer limited...
If my current entry will stopped me out then this is the backup entry.
Next level risk management 😎
This is 1:6 Risk to Reward trade.Close with full volume ,because my previous sell entries are still running.
My previous 15 minutes Ethereum sell entry was perfectly played out.This is another entry for weekly close.
Stop loss moved to breakeven for previous sell entry and partials taken.
This is 1:4 Risk to Reward trade.Close with full volume,because my previous sell entries are still running.
