Sovryn_Matt

Sovryn_Matt

Who will win Bears vs bulls? Stock market looks ready for a recession. Let see.

Sovryn_Matt Updated 

Is suggesting much lower prices based on todays candle. Market makers have their short positions, why dont you? "It is not priced in"

Sovryn_Matt

NDQ and BTCUSD both have a head and shoulders. BTCUSD is correlated with NDQ and big tech stocks currently. I wonder what happens a recession in 2022-2023 or more upside to come? I am personally bearish considering all the macroeconomic factors such as central banks aggressive rate hikes, cost of living all time high, supply chain issues, russia/ukraine tensions,...

Sovryn_Matt Updated 

All technical indicators are bearish. Chart patterns are bearish. Stock indexes are bearish and DXY is bullish. BTCUSD can go much lower than many think.

Sovryn_Matt

Sell indicators are everywhere. Will be a miracle for bulls to recover from this. Today's FUD was ECB announced raising rates aggressively, Ukraine central bank wants to ban Bitcoin trading as well as EU yesterday. Major Stock indexes down 3% and DXY making a new high again. Prepare for the worst. "I said it before and am saying it again. This is the most...

Sovryn_Matt

Long Algorithmic traders may have sell orders and stop losses set at every level below $39800. Dont FOMO long if price breaks below the trendline for bear flag. Not financial advice

Sovryn_Matt

All indicators are flashing to sell. BTCUSD chart is super bearish after yesterdays reversal (which I saw coming).

Sovryn_Matt Updated 

This usually leads to run for the market makers on Friday to get the money they lent out retail traders for the last week. Market makers only lend money to retail traders to make more money. The game is rigged accept that fact. Join them. This is not financial advice. DYOR.

Sovryn_Matt

GOOD LUCK BULLS AND MOONBOYS. See you at $23k. Rejection off the middle of daily gaussian channel and daily 100 MA. VERY BEARISH. Powell wants to raise rates in May by 0.5%. Markets will be carnage tomorrow and next week.

Sovryn_Matt

$MSTR is what all the institutions who cannot buy bitcoin bought last year as derivative for BTC exposure. Looks like the smart money is selling MSTR. Let see what happens in the coming weeks. $MSTR is a strong indicator of how BTCUSD will perform.

Sovryn_Matt

I am still macro bearish, but might see a relief pump from here to golden ratio 0.618 fib at $44500 before making new lows. Depends largely on if the Nasdaq index bounces back for the next week or two. There was a clear fake-out on the daily bear flag circles in RED. My strategy is to swing trade, Long the bounces and short the key resistance levels. $42200 is a...

Sovryn_Matt

Top of the Monthly gaussian channel acts a BTCUSD price macro bottom Whenever price breaks below the middle average of Bollinger bands the price drops around 50% on average.

Sovryn_Matt

History doesnt repeat but it rhymes. MA 200 has been a historical macro bottom for BTCUSD chart. Moonboys will not show you this chart.

Sovryn_Matt

Short thesis to $23k from 2-3 weeks ago still playing out. Price target is $34k-$37k this week or next.

Sovryn_Matt

CME gap filled. -4hr HVN flipped bearish. -MACD bearish crossover. -Rejection off the bottom of 4hr gaussian channel. Looking back in the chart every-time this happens we see a big dump coming.

Sovryn_Matt

CME Sunday Markets Open at 22:00 UTC for 2022 This is how market makers work. They have their Longs and Shorts positions set to be the local price floors and price ceilings. So they can always provide high BTC yields to their clients. Use this knowledge to obtain an "Edge" and beat the market makers at their own game.

Sovryn_Matt Updated 

Market makers are getting ready to pull the plug. Sucking in retail at $40k level just to get enough dumb money to provide liquidity. I sense a big down move for this coming week. Apologies for being so bearish, I just dont see any bullish signals/indications at this level. I think $34k will come much sooner than most expect.

Sovryn_Matt

Head and shoulders on 4hr will playout if we dump from here. Strong rejection of the 0.312 fib, usually means we go lower from here. The magic of natures numbers.