The 15m has shown exhaustion from the last bullish push to save Bitcoin from destruction
The 4h is in a crucial area, a bearish break here strengthens a gastly bearish outlook
If this chart is confusing you, it's because it's inverted.
Some Bearish Patterns have emerged.
Daily is rounding over, lots of wicks on the 1 hour, price is reversing in the 61.8 retracement level.
Some serious bearish signs, I hope Mel Gibson is ready.
I have highlighted the Internal Fib pattern the 23.6, 9% bounce target is the 50% level around 16k (probably hit 10k)
Last time this happened we ended up going right back to the start.
Last time we dropped off the clif was because of covid, this next time around might involve some new disaster with the dollar/debt bubble.
Just remember bitcoin doesn't exist in a vacuum.
If the market tanks again, there is no safe place for you...
Bitcoin... we have a decision.
Chase the break or is it fake?
Watching the 15min we have breakout potential the question is, is all the potential gone?
Were we just flushing out all the 100x leverage shorters out there?
We're once again in an important rotation zone.
On the 1 hour there is not enough momentum for a...
This will be the first time I shared this snapshot:
Back in april we had this under control.
I hope all in well for you in crypto land.
The dude abides.
target is 10k
This is not financial advice.
Bitcoin has been indecisive lately.
The 1H has broken down, at a break down point of the 4H which means, the big bear is about to drop the hammer.
Bulls need to take charge right now if there is any hope of a bounce at these price levels.
Well yes, but no. You could try taking a small position and look for a breakout but with so much potential for downward movement, holding overnight is dangerous. These players wash trade and will hunt your stops.
There is much more room to go down and a breakdown (breakout) here is...
Why is (T)ele (V)ision tell you visually what to think, how to act or react to thoughts and ideas? Why does censorship extend to the web and back again?
What maligned motives are behind these corporations? The economics of necessity operating on the means of (t)he (l)iving is what rules the world. Those with enough wealth...