Bulls are back? well, we need to look what is happening in the chart as i explained.
We need to pass & stay above all the Strong Resistance Line for a 100% bull market confirmation.
currently at support, you can check low time frames for the better look at the current up-trend line.
as shown in the above analysis, we have a pennant channel in BTC on the 4H chart & most traders know what to expect when seeing this pattern.
highest outflow from exchanges in history, Hash-rate is climbing back up after all the migration of mining companies out of China.
FUD seems to have no/zero effect on it now, confidence is raising again specially for...
BTC fails to stay or break above 41k.
this move was expected, now we wait for the pennant pattern completion as we're heading for the 3rd bottom touch before resuming the bull move.
remember March 2020? yeah, just a month later we get almost the same move this year.
shake out, paperhands, weak hands, manipulation, welcome to crypto.
Good luck everyone
need a clear break above the minor down-trend line for continuation to 40k -41k.
This area is criticle.
will explain more below. once it moves in any direction.
The reason I'm focusing on BTC at the moment is cuz the entire market follow exactly like how the world economy follow USD.
All support areas were broken & the move down is stronger even tho the fundamentals show otherwise.
we MIGHT go below 30K, we MIGHT not!
this is an analysis just in case the entire move inside the pattern is completed, we need to head lower than 30K to hit the support line to head to 150K+ in order to
complete the entire Pattern. We Don't need to, Sure Don't have...
You know what to do, Elon is playing around with everyone in the crypto space, He's being SALTY cuz he didn't get in early.
Share holders in his company (Tesla) are steering him around all of this manipulation. he has NO control.
anyways, we analyze based on charts & not what he does, it will work if he just stops the B.S.
Good Luck everyone! The Best is Yet to Come.
Everything explained in chart, plus, people are scared & worried, a lot of people/smart investors know exactly what to do in these situations.
Low Volume still, there was a huge spike/volume around the 30k (Support) area & then we went into a calm state until everything is safe again.
So many others have different ideas, please share.
BTC is moving forward & making higher highs & higher lows.
we need to move above 43k with a nice clean & neat close on the 4hour chart
Bitcoin is here to stay, so Bullish still.
we might have a little more consolidation around the 40k - 43k area just keep an eye on that too.
Had to update the lines & my analysis to see the clear picture here & make it look more...
Well, it was expected after all the GREED all over the place, people need to learn no to trade leverage!
DCA ALWAYS!!! this way you're NOT losing ANYTHING! No liquidation events!
Be safe out there everyone!
BNB/USD Fell about 60% & that is HUGE i know, I really think that the market needed this move to shake off the Leveraged ones.
A lot of people came into this market thinking that it only goes up. well, now you learned something new if you just got into crypto.
BNB is still going up from what i see unless we break & clos below the up-Trend line.
This is my view point on BTC, it had a huge, & wild run.
After all the FUD & twitter B.S, the crash cam & a lot of people lost vs gained some more BTC. (Big Players move)
This is what I'm seeing now, we are still bullish & heading higher, unless we break & close below 30k.
One of the greatest project out there, an amazing run 740%!!
small pull back from here with some consolidation is healthy & better for the long run.
Markets in General are fluctuating because of all the FUD so be careful & ALWAYS DCA .
Short for the short term before heading higher!
well, we hit another high recently, the pull back was coming no doubt proving us that the market is 100% healthy.
it might head a bit lower than 20% at the moment, somewhere around 22% to 23%.
after that the market will head to make newer highs & break another record.
please let me know what you think & also share with me the cryptocurrency you want me to...