BTCUSD ANALYSIS
Updated
Bitcoin has not closed above the lower high made on 2022 May/ June at 33000. This makes all the price action after that a long term consolidation. The market is therefore at a previous resistance, which also happens to be previous support from January 2022. I am anticipating a short term consolidation on H4 with several shooting star candles before selling BTCUSD.
Note
Don't be tempted to sell, until Price tags 33000.Note
Price is almost at the selling zone. There is a consolidation on H4. Now we wait for a bull trap ( fakeout) to 32500 before selling.Note
Don't sell Bitcoin just yet. The selling zone is around 33000.Note
Patience is a virtue. Patience pays, especially in trading. Wait and sell only at 33000Note
Looks like price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.Note
BTCUSD setting up for a nosedive !Note
300 PIPS STRONG !Note
500 PIPS FLOATING !Note
BTC weekly candle setting up for another nosedive !Note
If the weekly candle closes as a shooting star, that will be a confirmation of the bearish trend !Note
The weekly candle is definitely a shotting star. Also, today being the first Friday of the month, the NFP will add more fuel to the fire !Note
25500 is the new low on the downtrend ! BTC BLEEDS !Note
25000 is the new low on the BTC Downtrend !Note
Classic FAKEOUT ON BTC!
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