We are bearish right now after head and shoulder pattern looks like we are heading for 28k region using the fib extension we can see how target of 28k is possible
We've been getting dumps followed by some momentary relief. Looks like this trend may continue for another leg down very soon to ~40k?
BTC head and shoulder playing out. The price target is around 20k according to the head and shoulders measurement. I would look for inverse coins or short Crypto stocks like MARA and RIOT. Stay safe, and remember cash is king!
This time my opinion sell your btc and buy when price touch 37k $ next support on 37400$ buy when price touch this support why we can see this crash breacuse S&P 500 INDEX crash so thats why we can see this crash but don't panic this time don't trade in future trade only in spot patience
Now Btc is Bearish and will go to 54000$ Support be alert !
63274 is a very great point to short, it is supported but two trends and is a great level to get respect, probable future of BTC is shown with red brush
BTC at the resistance now little push will be led btc towards 50.5k which is good for shorting , tp will be 39k. btc crashed coming soon in next 60 hours, be safe trading, you can see the chart three cross from where btc will be rejected and then dump heavily.
Right now after breaking some major supports of different moving averages, BTC is testing the weekly 21 Moving average that is coming in around 42000. to confirm the BTC short term bearish mode, BTC has to close the weekly candle below 42000. and to stay somewhat bullish then BTC has to close the weekly candle above 43500 up tp 44200. If BTC breaks the 21 weekly...
I previously posted that this bullrun is over, i was too quick to judge. after reviewing on chain analysis and the fact that BTC is at very low supply, i think this run still has a chance. we are in the middle of ABC correction from 53k to 43k (A) from 43k to 48k (b) and now we might see a C wave going down to 38k. I dont invest in bitcoin but i placed some...
Image of all three crosses. Here you can clearly see the first dump cross and than a bully cross and again a dumping cross which was an indication to the drop of btc
We had first cross of SSL lines (red line above and green down) and it didn't did major drop and than a bulling cross (red down and green line up) and than again we had a dumping cross (red line up and green down) as you can see in chart. We had an indication here of a big dump. Who got it first are safe and who didn't might have lost an opportunity or lost a trade 🙂
We have breakout of upper line of descending channel with low volume and because of that i think we are still in a declining fase,one more think at price 48k btc fill 50% institutional candle or liqudity grab candle.I will show you possible entry with high RR.
Bitcoin, currently on a rising wedge. Elliott wave on the 5th wave. Will it drop from the rising wedge going for an ABC to the downside?
the only think that perpatuate the downward crash is the fear created when last supposed support erea is broken. when it came no one is under command of logic, every one steak to what they see, even me... god bless the king of crypto... BINANCE:BTCUSDT
NOTE: This is not a trading idea, yet more of a overdramatic fundamental outlook As countries continue to ban BTC /BTC mining /Crypto Exchanges There has been massive manipulation the past year in the world of crypto. Institutions clearly understand the value of crypto currency. I wont sit here and say I have it all figured out. However, as the economy continues...
market move start when every one convinced that they are in right side... moonboy long on knowledge, short on market... time to see price is runing and we have to get on back track before it take verey late... every damn accumulation have to consider distribution for god sake BINANCE:BTCUSDT
we have descending triangle in 12 hr , we also saw retest on 36000 which is under the downtrend , the target for this triangle also confirms elliot target which is 17-18K.
I am expecting Altcoin Market Cap to bounce soon and reach at the peak point around 1.8 - 2 T $. I do not think that this is the end of bull, I think that we are still accumulating for the longer and stronger rally. Many coins have not even reached their ATH level since 2017, and market has many times more money than it had in 2017. I'm expecting a bear market...