kingpannu

kingpannu

Dear fellow traders, Volume is falling even on the break of all time high. Please have a look at this observation.

kingpannu Updated 

I have been watching this bear flag forming on bitcoin. It can break to the downside anytime from the looks of it. Do your own research

kingpannu Updated 

P.S- Chart is inverted.I inverted it to give you a different perspective. I posted this on 1 october 2021.

kingpannu Updated 

P.S- Chart is inverted. Volume is falling. Bitcoin macro looks bearish.

kingpannu Updated 

I posted this on 16 June 2021. There is a rising wedge formation on daily, weekly and monthly chart of bitcoin. The bitcoin's price broke down from the rising wedge and retest has been done. I think it will bottom out at 200 or 300 weekly moving average.

kingpannu

P.S - Chart is inverted. Do your own research before investing. Bitcoin looks like that it will eventually fall to 200 weekly MA. Volume is on decline since may 2021.

kingpannu Updated 

Don't worry This is from 2018. There was a similar situation as today. There was a bear flag formed along with the falling wedge. The catch was the falling volume. Eventually there was a bull trap to the upside and eventually lead to price crash of bitcoin from 11k to 6k. MACD was also at similar levels as of today.

kingpannu Updated 

Dear fellow traders This bear flag is textbook formation. It is potentially going to break down. (There will be pumps in between the upper trendline and lower trendline of the bear flag) Short term target : 32k (Remember price never goes straight down) Medium term target - 200 Week Moving Average - at 15631 currently Zoom out when you are in doubt. Bitcoin is in...

kingpannu Updated 

Medium term target - 32k (nothing goes straight down) Long term target - 15801 - (200 weekly MA) Please do your own research before investing. P.S - I only do long term investing. No intraday trading.

kingpannu

Dear fellow traders, in the past, Bitcoin has always bounced of 50 week Moving average once and on the second attempt it was 50 week MA was taken out. Bottom was always found at 200 week Moving Average. That green line is 200 week moving average. If you want to ignore the evidence of upcoming correction, you can. Why buy now when you can buy bitcoin at 60%...

kingpannu

A break below neckline would confirm double top. Target will be below 1000 usd if it breaks below the neck line. This depends on Bitcoin price. This is not a financial advice. Do your own research before investing.

kingpannu

It looks like bitcoin is making a bear flag. I mentioned this scenario in this idea previously :https://www.tradingview.com/chart/BTCUSD/lDJnEf9f-End-is-near-20k-before-100k/ Its target looks like at 32k. This is not a financial advice. Do your own research.

kingpannu Updated 

Dear fellow traders, News follows the chart. I expect that a bad news is around the corner. I will be buying Alt coins once Bitcoin crashes below 20k. It is a matter of time.

kingpannu

Dear fellow traders. Earlier I posted similar chart and most of the people were complaining about only two crossovers. Here is a complete list. There has been 4 previous instances of weekly 50 moving average crossing above weekly 50 EMA, on each of the occasions, bitcoin corrected heavily. This is the 5th instance of the crossover now. We are heading to sub 20k...

kingpannu Updated 

Dear fellow traders. Whenever Weekly Moving average 50 crosses above Weekly exponential moving average 50, bitcoin corrects heavily. Minimum target for bitcoin is 20k, maximum 9k-12k. Do not FOMO here. See my previous analysis for further clarification This is not a financial advice.

kingpannu Updated 

I would not FOMO here. Volume is falling, price is rising. Bearish diversion on RSI and MACD. We will go down to 20k before we go to 100k. This is not a financial advice.

kingpannu Updated 

Bitcoin will hit lower trendline (Trendline B). There is a rising wedge formation on the weekly bitcoin chart. You can google what it means. We have completed retesting that rising wedge and will see lower prices soon. My target is 20k minimum. Ultimately will hit that lower trendline. Volume is on downtrend, which is also a bearish indicator. If the lower...

kingpannu Updated 

There is formation of classic bearish rising wedge on bitcoin daily chart. There may be a bounce from 40k, and then from 30-33k range. But it will reach 20k eventually. This is not a financial advice. Do your own research before investing