SupremeTrader88

SupremeTrader88

As we can see we are going down thanks to federal reserve, last resistance was broken and rejected so i see only level to trade - under 15.450 If we can say that squeeze is possible, it would be around 14500-14300.

SupremeTrader88

technically we can see 2-low, new higher low and higher highs

SupremeTrader88

Also according to my last post, i found this broken triangle. Seems to me it can drop about 20-25% by this week-next week

SupremeTrader88

Since 25 oct by now inflowed more than 35.000.00 BTC to spot exchanges. Greed is at 40 , that usually is the top at bear market before it goes down 15-30%. The lowest levels i exept is 16300, 14300.

SupremeTrader88

BTC is consolidating for 4 month, so i exept some moves by 1-3 days. To start new uptrend we should get all the liquidity at 16k level and then short-squeeze above 21k

SupremeTrader88

BTC 2 times rejected from 18.6k, so next trigger would be the ATH trend line

SupremeTrader88

Now clearly we have strong support as 19500 and resistance by 20100+-. I would expect a retest 19.500 and then may be we can push upper. Also if we break 19500 we could go to 19.000 zone

SupremeTrader88

Long trigeers as last low 26 and trend line from ATH. If price will reach 26.6k it will mean a folse breakout as it was at last bearmarket. Also id not ignore the biggest trend line that gose from 69k for BTC.

SupremeTrader88

Bullish setup as striangle, long entry by the trend line or 2 highs

SupremeTrader88

Cleary we can see the consolidation at last All Time High (ATH), than weans 2 ways we can see - 1) go under 20k to 18.5-12.7k 2) go to 23k and break up it. I prefer second way cause today is 1) 7 point of fear (extreme fear) 2) we are under 200w EMA (22300 +-) ...

SupremeTrader88

BTC at 200 week EMA. We bounced last time from it in 2022 and got 1100% gains.

SupremeTrader88

BTC now time is in close consolidation, as long trigger tren line, then main resistance at level 30500.

SupremeTrader88

Neck as short setup, then at the main support 27k we could see rebound as there is a bid wall

SupremeTrader88

Today 09.05.2022 fear and greed index at 11. The last time we have seen it at 22 jul. 2021 then we got pumped around 130% and hit ATH.

SupremeTrader88

After increase 20%+ it stops and forms consolidation with long trigger as trend line. We possibly could see second increasing wave up

SupremeTrader88

Now we can clearly see that price is getting sold every pump and we should g to the area 36k to collect liqidations and stop losses, then we could see bull reaction and possibly new highs

SupremeTrader88

Now we can see some strong sell that could take BTC at 34-33k zone to collect some SL and also form 2-deep

SupremeTrader88

BTC now time is at the strongest support 33k, if it will bounce from 33k it gonna be a 2-deep