BTC looking for a very short term retracement I will enter the short on violation of previous low and retest. Targets are 6535.6 and 6451.6 Both targets are previous trends and fibonnaci levels. R/R is 4.06 Leverage 5-10x Chance of -7% for 30% Trade only initiates after retest of 6660 as resistance otherwise invalid
We are developing a full market cycle. It's still headed downhill, and it will be months before a bull reversal in my opinion. We are in the denial / anxiety phase of price decline. We haven't reached capitulation yet. I'm calling the bottom now at $3,000. This is for educational and entertainment purposes only.
Ill link a quick btc chart so yall can see.
Hi everyone, Everyone is suddenly turning bullish while BTC 0.94% did not fully retrace yet to 6.9k to meet its play by the book. What we can observe is that we are closing to the end of the rising wedge which correlates which the 0.618 resistance. If we look and the Long Term, BTC 0.94% did not fully retrace yet and that's one more indication that "6.9k is...
Hello Ladies and Gentleman Bitcoin got a confirmation on the bottom support channel and it bounce back off 7400 USD. Now it should be confirmed to move up to 7800 USD. If Bitcoin breaks the 7800 USD trading mark (resistance line ) it is pretty possible to move up to 8800 USD. MY first targets would be 7800 USD MY second target would be 8400 USD and the last...
will be keeping my updates of current action here.
Sorry if this chart is too busy, but Jesus... My initial target was $5k. But because the bulls have managed to hold onto it for dear life, they've validated an ABCDE triangle and have widened themselves from our most important support line. That is literally the worst thing they could have done. If the bulls had just accepted the loss, we could have dropped. hit...
Identical move in the making as the one we saw during the original capitulation to $6k. We will see if it continues.
Nothing is a surprise here. If you followed my last post, I showed 2 options here for Bitcoin. One was a bullish count, and one was bearish. And surely enough, we are filled with signs of bearishness. Please check it out if you haven't so you can get caught up on what you missed. So, I keep going back and forth on the overall count, and I'm just going to stick...