will it be short bull cycle! Market does opposite to most people’s expectations,many expecting 150-300k,some 500k bitcoin, Mr Market will!?
As I have mentioned some weeks back, this one likely will see sharper declines. We still are in need to correct the up move, and I feel we may see touch below $ 50,000 again. Strategy SELL @ $ 65,000 - 73,000 and take profit order @ $ 48,750 for now. SL is a financial decision.
-Failed back below horizontal breakout level and previous ATH -Below 9, 21, 50, and 55 daily moving averages -From failed moves come fast moves -Major support at confluence of: 1. March 2024 low 2. 89 Daily ema, 3. Rising trendlines Dec 2023, Jan 2024, and Feb 2024 highs 4. Rising trendline connecting Jan 2024 and Feb 2024 lows
Technical Analysis Overview Chart Patterns: Descending Channel: The price has been trading within a descending channel, indicating a short-term bearish trend. Potential Double Bottom: There is a formation that resembles a double bottom pattern near the support level at 57364.46, which, if confirmed, could signal a trend reversal to bullish. Candlestick...
Just some thoughts on BTC. Because breached the upper range of the channel and appears to be pivoting back to the mid line. If it can't hold there it will likely test the low range of the channel.
Despite the stark declines during the COVID-19 black swan event, assets like Bitcoin, gold, the S&P 500, and the Indonesia Stock Exchange demonstrated remarkable resilience, not only recovering but also soaring to new heights, showcasing the enduring strength of diverse investment portfolios. However, the recent escalation in the Israel-Iran conflict has again put...
Exercise caution when purchasing Bitcoin. Unlike gold, Bitcoin is not a protective investment during wartime. The next 48 hours are critical, and there is a possibility that the price could reach $52,999. If it falls below this threshold, it might further decline to $35,600.
BINANCE:BTCUSD I am expect to retested the key support on 67457.81 before go long. So far, the 1H price is weaken on the pink color zone of ranging. H4 after the strong volume down form the V shape recovering. My target is resistance 68549.74. ✅LIKE AND COMMENT MY IDEAS✅
- BTC right now form triple top - if price could break that range, there is high probability BTC could down to 50000 level. - From macro view , middle east tension could make gold more attarctive than BTC as safe haven asset. - we are on risk off enviroment. ✌️✌️✌️
HODL, be smart. Dont use leverage. More negative price action to be seen over the short/long term. CHOP, CHOPPY, and CHOPPED
- BTC right now form triple top. - if price could break those range ,there is high probability BTC could down to 50000 level. - From macro view , middle east tension would make gold more attaractive than Bitcoin as safe haven aset.
BTC, Hope for a big drop: -Key level strong support at 60-61k. -A correction at fibo 0.618 will be wonderful. -ABCD pattern.
Will we create a bear trap on the weekly , or we will continue to dip post halving . Halving is expecting next week.
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at...
Recently we had a massive open interest wipeout for Bitcoin. We are still in a bull market. In this situation, it's possible we will fully retrace this correction, and head to all time highs. In a bull market, and OI wipe means forced sellers are done. Without forced selling, it is magnitudes more difficult for the market to go lower (would have to be spot...
Once you realize you're in a flag correction, why stick around? The fastest moves to targets are the poles AFTER the flags resolve. #Bitcoin #AnyChart
The orange zone is a sort of black box so to speak, I don't know what's going on there. When price comes out one end I can have a good chance it will go that way until the next zone, at which point it might bounce, pierce, go through etc, black box again. Go to a lower timeframe when price is in a direction area, and only take trades with that bias, using your...