Bear Flag Inside Of A Bear Flag, Inside of Bearflag....I can see BTC dropping pretty hard as we have a bear flag on 3 day, 8 hour, etc and I am just waiting for tether news. Grayscale is a failure, this wont help... I can see big drops, I think $13-14k could come fast and hard. I also see the DXY setting to rally, no coincidence.
Bitcoin-short
BTC: 17105 is the Tre Crash PointHello traders!
Welcome back to another episode with Analyst Aadil1000x.
Today we are ready to trade a big move in BTC and a few other pairs with it. The minimum movement after this crash point is more than 12%. The A1000x crash point strategy is the same as A1000x true reversal point but the difference is True Crash point predicts a bigger move. Both have the capability to predict moves with pinpoint accuracy.
This is the crash trade that worked with point accuracy and this time I am expecting more crazy dip.
BTC Sell Limit @ 17100
Stoploss 17575(-2.75%)
Target 1, 15100(+11.7%)
Final Target 12100(+29.24%)
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#DAYTRADE | BTCUSD (Short) - Liquidity ZoneThe price of BTCUSD is sitting below a horizontal resistance (17200 - 17400) that has been established a month ago.
Sellers defend this area. I'm expecting the price to move towards the liquidity zone (yellow box) within the next hours.
The upcoming week will be exciting with the PCE & CPI data as well as the FED meeting on Wednesday.
I've shared a sheet about the FED meeting on my Twitter - feel free to check it out.
I'm trading this idea as followed
Entry: 17150
Position: Short
Stop Loss: 17240
Target: 16970
Leverage: 3x
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Cheers
Old wallets moving, BITCOIN CORRECTIONHello Traders
As you can see in the chart above, we predicted the market correctly in the previous post. Now we expect a correction to lower levels.
On the Onchain side, I put a metric called ASOL; Average Spent Output Lifespan, which shows the average age (in days) of spent transaction outputs. The metric value has spiked today, meaning that old wallets (UTXOs) were moving their bitcoins, which creates a risk for the price.
Onchain and technicals combined, I think we can see lower levels over the weekend or might have a bearish consolidation.
Note that this is an intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
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Good luck.
Market stagnation before the retraceDue to low liquidity during the weekends we are going to see most likeley not much action on the Market.
We have 2 Major Liquidity Zones that should be recovered on Sunday evening latest Monday.
Expect a retrace to 16445USD
Short orders are favourable.
Another possibility is before retracing to the 16445USD zone a touch of the 800EMA before we retrace.
Wait and observe the behaviour, on Sunday latest monday we will know more about the market intentions.
Stay calm and wait for the liquidity to come into the market.
Enjoy the weekend.