Based on price action, sentiment and several indicators, a good SHORT opportunity is building here. NFA.
No money, no higher prices. Simple. BTC needs to go lower, so more money will flow into it. We are in the market stage where almost noone knows what will happen next. But you need to follow the rules of liquidity. The market goes where the liquidity is sitting, nothing more. Its not the halving nor the good news about BTC, ITS THE MONEY .
Based on price action, sentiment and several indicators, a good SHORT opportunity is building here. NFA, DYOR. Its your money, not mine. Have a nice time.
Here im presenting you my personal "Sine line-method". You go long or short at the peak of every sine line(bear market or bull market depending of course). I also drew the log. trend curves to see potential bottoms/tops of the markets. In ~3 years we will see the result.
BNB cant break the resistance line and will go down hard. Maybe some bad news about Binance? We will see.
Bitcoin is just a global, worldwide psychology test . Just to inform you: You can only buy when someone other is selling . You can only sell when someone other is buying . The market makers want and need you to buy high, so they can sell high. We buy bad news and sell good news . You just need to understand that. The mass never wins. Market...
Its doing the same patterns over and over again. In small timeframes and bigger timeframes.. Its not a science!
Seems like SP500 is printing a bullish inverse H&S pattern. Good sign for Stocks, bad for DXY.
BTC is dancing with this dashed line since ~1 year now.. Lets grap it some more liquidity before it goes deeper. Weekly and monthly indicators are turning bearish.
The monthly MRM cross is telling me that the next coming weeks will be very bearish . There will be mini pumps here and there, but the trend is DOWN ! Let it push one more time into the 30k zone, but that will be it until Q4 2023.
Thats what I see for BTC in the near future. Two bullish patterns, the price targets and dates may vary, but that doenst matter. Keep an eye on this chart if you want! Have a nice weekend.
What do you think will be the bad news in late 2023 about crypto, like FTX last year? Blackrock ETF gets rejected? Binance will crash? Hmm.. Long term indicators are turning bullish long view, but BTC needs this double bottom. Just hodl.
Tell me what you think about this idea. I dont trust this pump at all.
Same degrees, same fib, around the same time. Share this with your friends. #antimoon #bearmarketsincenovember2021
Right now the sentiment in the market is really bearish, but theres still coming liquidity into the market which could mean that the market makers arent finished yet. If you shorted in these zones I would be careful, the market makers could hunt the stop losses in these zones, because it was too obvious that BTC would go down a bit from there. The 4H indicators...