I saw lots of buzz about this coin.
huge partnerships on weekly basis made me look into it, also strong fundamentals of the project.
NWC just broke strong resistance which became also strong support
ALso support trendline is holding the dump, and new partnership announced for next week
Bitcoin is a creature of habbit. And as we zoom out and search repetetive patterns and behaviours we can see, that in the last 3 years Bitcoin has never done more than 4 consecutive red weeks.
After forth there were always massive greed candle, which rocked the trend completely.
Let us see what happens in the end of this week.
After uncertanty, we can clearly see how BTC is regaining some strenght.
This could lead to power break of resistance and re test of 9400 levels.
stoploss for escaping in usdt is just to risky.
Bitcoin many time produces scammy wicks to rekt this stoplosses.
Stellar is crypto underdog.
Waiting for its momentum.
But for now, we see a breakout which didn't brought expected rise which leaded to rejection and strong support held the price.
After that XLM could attempt to test the resistance as marked on a chart.
I'm trading with 10% laverage.
After few succsesful shorts we are seeing the long opportunity.
This drop was caused by many liquidations of futures. The price boucned from the support and gives us an idea to bounce back through upper resistance.
So bitcon moved as we predicted last few times.
Now if you look at order books some bulls are trying to show strenght, but it seems like a bull trap. Object is still more downtrend.
Nothing dramatic but all seems that we are gonna re-test 9000 usd zone.
After that we will again take a closer look and see what the chart says.
Great weekend everyone
Bitcoin reached our previous target.
As we can see volume didn't increased since and oscilators actually shows sideways.
but there is correlation between old markets which I think could be rejected with these prices.
Bitcoin shaked out and liquidated stoplosses, long positions again.
Since there weren't mayor selloff then we can expect it to climb back in the chanel and re-test the 9800 zones.
I'm expecting nothing dramatic will occur,. MAybe even FX guys will move profits from stonks to Crypto this time,
still the same scenario
Bitcoin can't break or even touch the next level, so the only logical step is to fall in lower one.
we can also see the support outside of the channel.
and if bitcoin breaks out the channel we can expect it to fall directly to that support