I have been warning about a bitcoin crash since this rally began...if 25K does not hold, expect a retest of the lows within a few months.
Longer term picture not looking great. I am thinking a bottom within 6-8 months for Matic.
I need to see a positive divergence on the weekly before I am remotely interested in BTC.
Keep an eye on the FWB:25K area on bitcoin ladies and gents
Bitcoin crash probably now in progress...expect a move back down to 18K and possible a lot lower after that.
Ascending wedge forming on #btc bitcoin. Keep an eye on this pattern moving forward and take profits off the table imo.
Keep a close eye on bitcoin over the next few months. Take a look at video and tell me what you think.
If the megaphone is not broken to the upside in the next few daily candles, I am expecting a retracement back down.
Take a look at the bitcoin chart and be objective... we are going lower
I am telling you guys, bitcoin is in a massive downtrend and will likely undercut the 52 weeks lows and possibly get under 10K within 6 months.
Multiple negative divergences are seen here on daily. -Ascending Wedge -Broadening ascending wedge -MACD Negative Divergence -Money Flow Negative Divergence I have a downside initial target at 17.5K -- I have to see from there where the market goes. If inflation is not under control by May / June, and the terminal rate nears 6-7 percent, Bitcoin will go into...
Potentially one last rally to 26K to stop out all the shorts at 25K, and then a dump back to 17K is highly likely here.
Multiple negative divergences on RSI and MACD. Ascending and broadening ascending wedges seen on daily...not looking good...keep an eye on the 19200 area.
Shib has had a failed breakout and will likely retrace to the 11-12 region over the coming weeks.
If bitcoin corrects through price, Shib may fail in this area. Take profits if you are a swing trader.
Shib may fail here, especially if bitcoin starts retracing. Negative divergence is seen on daily. DCA if it pulls back.
Looking like a pullback is in order here for BTC ... Look for a weak Feb followed by a strong rally starting in March.
Still looking strong on the daily timeframe...hope we can see continued upside.