two days ago i mentioned in my last post that 65k was the new roof and i said the weekly has to close above it before the next move higher
i had no clue it was going to happen this fast but it did, wait for confirmation of a weekly close above 65k for a high potential move up.
on the fall we saw that more and more support/resistance is being created from the...
these last few weeks played out real weird
see the weekly closed above the highest white line @ 57,600 and fell all the way down creating the strongest support/resistance I've ever seen on btc @ 45,750
the weekly closed under the resentence of 46k on purpose then rushed up to 50k
i see it hitting the orange line and falling past its initial close under 45k...
weekly closed under 37,900 and touched it for a sec then fell all the way too 29k
im pointing at 24k or under but we can still go to 50k if the weekly or monthly close above 37.9k
im extremely bearish as I've mentioned in every post ive given so far, just know if monthly closes red its over
the best short openings i have right now are the orange lines
end of this week closes the 1W & 2W, if this weekly close can hold the orange doted line @ $37,900 and close above it were flying to the next resistance @ around $50k.
if this weekly closes under $37,900 it has a high possibility of re testing before the big dump that will destroy all in its path.
remember we can still close the 1W and 2W below it then the...
the 1 week closed above it barely holding it for 2/3 weeks waiting for the close of the 2, 3 & 4 then it pushed
next major res is 24k - 30k till further notice in change
remember we can still fall down from here but total trend pushes up ATM
until any of the weekly's close under 18,200
nothing is still official I'm still bareish on the...
this could be fomo but soon we will see with the outcome of the 2020 elections. if BTC isn't able to hold 12800 on the 1W & 3W we will see a hard correction and it might go passed the 7K target in this chart. If BTC keeps pushing like it has been for a while now, the next major resistance is 16K and if 16k gets broken the target after that is 18,200 ......
i dont think it matters who wins (I'm talking stock wise) the USA has been printing more then ever before + an overwhelming amount of covid cases. Bossiness cant be taking and taking without giving back the money. there are so many factors to what is going wrong with and in America but the stock market doesn't look too good either the 12M is on a TD green 9...
if 10300 brakes and weekly close is above it, it will pump hard.
if 9070 brakes and weekly closes below it, it will dump hard and most likely more the 25% @ mid 7k
so this post is not just for a short.... watch closely and you'll see where BTC will take us
I'm putting my money on a short, Goodluck!!!!