Trend line was broken but I can’t help to think bulls will give up that easy. We have kept the 45-48k range for the past few days pretty tightly , if this was for exit liquidity we would of already have had a flash crash overnight. Whales want higher prices I’m assuming , I think it’s gonna push to 50k just for a statement then slowly bleed to 35-38k before...
Loom has been consolidating in this area for little while now. I expect the next move up to the upside as long as BTC stays in range.
little messy but I am looking for a short next time we pass 48k today. Daily RSI is completely overbought , momentum is dying down. I could see a slow bleed to 37k happening this week before a reversal to break 50 and so on.
how I think the week will most likely play out. don't see us breaking 50k without a retest of 40-42...safe trading
I expect it to form and keep a trendline in this area , shooting us to around 3450 before a re-test of high 20s.
just charting to see the future. FTM. $ personally one of my favorite alts, I think FTM can run upto sub .43-.49
short playing out. Don't think we will go below 40 in the next week , reversal at 42k is highly possible.
2 possible targets over this week before a reversal to sub 52-52.5k
possible short scenario to sub 42.6 then higher high around 52-52.2k before another significant drop
SAME view , but on smaller time frame. check my last post I just published. let me know your thoughts. Good luck trading
still sticking to my plan. I believe BTC gives another shot at low 40s before dumping to 35 , 30 , 28 , 26! let me know your opinions
Sloppy , but I am expecting the chart to go something like this within the next 48 hours.
What I’m expecting…. Today a bounce back to 40.2-40.6 then slow bleed down to 34-36 over the next week. I was thinking we would make it up to 45k for more exit liquidity but it doesn’t look like that anymore. I believe the highest we can shoot for this time around is another shot at 42 and get rejected. Me personally , I wouldn’t long or short this , rather...
I wouldn’t put in shorts yet. That was not enough exit liquidity, going up and down will make investors think it’s to risky to buy in. Big money wants their coins bought above 40 , I still see us going to sub 45 this week before a nasty crash.
Next stop .. 45k. Curious to see the strength of those wicks once it hits.
Things look good for btc. Can easily run to 45k this week , first target is 42k.
Something similar to this would be healthy to break 3k after eip1559.