flipmode_G

flipmode_G Updated 

BTC needs some catalyst to take a move, as usual FOMC will shake up the markets. J.Pow sent some signals in his latest speech, DXY is hovering right below resistance. Overall slightly bullish to neutral, looks like BTC will range between 25k <-> 27k for a while.

flipmode_G Updated 

I'm still following the idea of backtesting the FWB:25K level, however the price is on another - in my opinion - important trendline. Maybe the price could bounce of this trendline creating a lower high and continue to the downside later on.

flipmode_G

As shown in my previous idea the overall trend is bullish - BTC is back on the lower trendline of the channel. Moving back into the channel would indicate some first signs of a starting "bullrun". Would love to see some setback + confirming FWB:25K as new support-level before entering the channel.

flipmode_G Updated 

BTC had some really nice gains within the last months, however the price ranges below the 2021 June lows as well as the C-19 created trendline which has formed the overall uptrend back in 2019 for the last bullrun. As for my personal TA a local top could be in at around $30250 -$DXY is in support levels as well. If the price of BTC is unable to flip these levels...

flipmode_G

Personally BTC looks very weak at these levels. I'm expecting some fakeout to the upside with a sharp drop.

flipmode_G

Many people out there call for a bullish momentum up to $26k - $28k. If the pricemanages to break through both resistance lines and flip it into support - there might be some chance to reach $25500 before some correction. Actually i wouldn't recommend opening a trade and wait for confirmation. I'm expecting a big SL hunt for bears and bulls!

flipmode_G

Looking forward for a pullback and retest of the broken trendline to confirm the uptrend. Not financial advice!

flipmode_G Updated 

I'm expexting some small pump to the upper trendline at around $29800 if the price can push through the summer lows resistance. Bearish OB ahead needs to be cleared.

flipmode_G

As mentioned in my previous Idea i'm expecting at least a move to the upper trendline (red ) ~$29800 level. If we take a closer look to some pivot points and MACD/RSI the actual momentum could be strong enough to push the price up to the C-19 Crash Trendline ( orange ) to at least $31500 On the other hand the price could drop to the lower trendline and the...

flipmode_G Updated 

I'm still neutral on BTC, there is no clear indication which direction we can expect. It looks like there is one more push to the upside, retesting the resistance levels, if the price fails to push through the massive bearish orderblock the price could retest some lower levels.

flipmode_G

Bitcoin wasn't able to clear the $30.5K area and dropped back down to the range bottom. Actually i can't see any direction but want to give you some important levels and trendlines. If the price breaks down below the support level the overall outlook is quiet negative. A lot of people expecting another bounce back up to $30k - maybe the marketmakers sweep the...

flipmode_G

- Uptrend got rejected on the FIB 0.382 - Price is below the Bullmarket-supportband on the weekly timeframe - Price is below 2021 lower trendline - Expected support in case of further downside FIB 0.236, next support could be the lower trendline created by the C-19 crash + Weekly close above the Bullmarket Supportband would invalidate my scenario. Fingers...