BTC needs to break the white resistance line and flip it into support this time to push higher, otherwise it'll go down deeper. Simple.
If 15500$ was the first bottom of this bear market, then its time to retest the trendline in the chart. You can buy now and sell at the 0,786 fib lvl. This could be an impulsive wave. After that the double bottom will come, how deep will it fall? Well maybe back to 17000$ or even deeper.
They can feel the hype. They can feel your money flowing into the market. They know you want more. They want you to buy more, so they can dump on you even harder. The dump will come, and when it comes, it will come so fast that you cant even react. Trade safe, buy the fear, sell the hype.
I knew I saw this pattern once. There it is. It's the same pattern right before the crash from the ATH. What could cause this crash? Extremly bad news? The weekly death cross? Will BTC fill the CME Gap at 9500 finally? This is looking reaaaaly bad.
NGS will pop from here. +200%. Lets do it!!!!! !!!!!!!! !!!!!!!!
Will BTC go lower than most poeple think due to Dow Theory? There are several CME gaps down there (9600$ - 6800$). Will they all get filled? Time will tell.
So DXY could make this double top now. Maybe it will go a bit higher than last time to bait longs. If it plays out, RIP Stocks and crypto now.
Seems like SP500 is printing a bullish inverse H&S pattern. Good sign for Stocks, bad for DXY.
I'd be careful with longs here, BTC is overbought, indicators are showing a bearish reversal soon!
BTC is in distribution and will go down. 17.000$ or lower. Short.
BNB cant break the resistance line and will go down hard. Maybe some bad news about Binance? We will see.
This could be the possible retest of the ~40.000$ zone. 40.000$ has been a hard resistance in the past and an important area of interest. Retail traders will fomo in at ~30.000$ because this was the "mainstream" entry in 2021 ( because of elon musk bla bla). So I think the manipulators will push it into this area and crash it after to scare the fomo boys. Then its...
So BTC got 2 resistance zones above it. I think the ABC correction wave is in play. Indicators are turning bullish in the weekly/monthly frames. Taking profits in both zones.
Quick chart of the TP's of BTC in 2023 + bear market bottom. Happy holidays.
With this idea in want you to show the psychology behind a bearflag. The market makers want to trigger as many stop-losses as they can, before they make the final move. They dont want you to make money, especially when you are in with high leverage. The most retail traders cant handle this situation right. Most of the time its important to step back, look at the...
Are you hearing the people yelling that "BTC is dead"? No? Me neither. This time will come soon. Stoch RSI of BTC is extremly bearish in the 4H, 1D and 1W frame.
Get ready for the final leg down of this bear market. So many people will call the death of BTC. There will be very bad news. But this time, bad news will be good news. The market makers want to scare you out of the market. They dont wont you to buy the bottom, to buy cheap. They want to destroy all the retailers hope. Be clever, buy when the fear is extremly...