FaN-

FaN- Updated 

As of June 25, 2023, Bitcoin's narrative strongly favors short sellers in the mid to long-term for the following reasons: 1) Clear CPD fractals are playing out on weekly and daily time frames 2) Major pivot points have decisively engulfed the previous nodes of the ascending legs 3) Buy-side liquidity rests just above 32659k 4) An exhausted RSI, It's completing the...

FaN-

Bitcoin's price action can be best described by its tendency to create numerous fake S&R levels & S&D zones to confuse retail traders. Now that it's testing the previous cycle high & 200wma(which has historically signaled the cycle bottom), retail can fall once again into the trap of consistently buying the dip on each low. With the inflation soaring, interest...

FaN- Updated 

As bitcoin heads for its third monthly close in green, its price action for 2022 remains the same as for the most part of 2021: sideways. Recent bounce off the 20M SMA & 21M EMA-which historically has been an important range for market cycle continuation- gave the bulls a sense of superiority. If bitcoin successfully manages to close above 48000$ & form a monthly...

FaN-

BTC will most likely have a move up to 48.5K to 49Kish area, filling the previous gap on May 13th. After forming a potential head and shoulders & breaking the neckline, downward movement to 38K-39K would be in the cards.