Bitcoin, the largest cryptocurrency by market capitalization, declined nearly 6%, dropping below the $65,000 level for the first time in nearly ten days. The asset’s price drop ushered massive liquidation in derivatives markets. Several altcoins and meme coins noted massive drawdowns in response to Bitcoin’s correction. The biggest declines were noted by Sei...
It is starting to look dangerous breaking the neckline. I am neutral for now, as I wish to see confirmation of break. If we solidly break, then we have a medium-term target of around $ 5,000-10,000. For now stay out and see what develops coming days.
I am not committing to any crypto. The idea of it being a safe heaven conflicts with what it is. The reason it is up here, that stories are stating that Russia has invested in it to safeguard themselves. Maybe true so let's see. For now I feel the strategy is SELL current for a move back to $ 32,500. the stochastic is high up and RSI is high, but not extreme...
We got a rounded top forming, and neckline around $ 41,500. It feels we may see much lower again, perhaps $ 32,000 again, but for now prefer neutral stance and watch it. After all, we were short before and took back, and now sit back. Once I feel it makes sense will make a new update.
Up to now am not committed to a view to trade. The issue is the wide ranges, and also the deep pockets needed associated with creating profitable trades. Currently we are break above $ 43,900 weekly chart cloud resistance, and this may ignite further buying towards $ 50,000. Once we are reaching those levels I would start feeling confident in selling it again....
I feel we may have seen the higher levels again, and that downside will commence soon once again. I am neutral, but for those willing to venture I would suggest SELL $ 36,800-37,250 for a move back to $ 34,500 for now. Stop-loss above $ 40,500 for now.
I was slightly earlier on profit taking, but for sure the current market price suggest caution. We have seen sharp down moves. The ranges are large and I feel we may see little higher, and then will provide suggestions on sell levels. For now am watching it.
I ave liquidated at $ 36,300 and will re-establish lower buy between $ 33,500-34,500 once again. Right now, we have climbed back nicely and it had the benefit sought for. The stochastic is positive and still feel we may have a run up higher, but the $ 3,000 up move from the lows is enough for now in terms of corrective action. will update once I see further...
Bearish divergence on 4H chart "it is not approved YET" Stay Calm check Stop-Loss then wait what will happen
For this week is market rotation is very probable around ATH.
So, in this analysis, we see in H4 that Bitcoin it's still in range, but maybe we could see any manipulation zone that we can't to entry in short position. Beware of the market trap and hunters manipulation if you short Bitcoin, until Bitcoin doesn't break down the $17,900 USD, I can't to shorting Bitcoin, but in that case if Bitcoin make successful to break down...
So, I consider that Bitcoin is in the volatile and warning zone that Bitcoin still it above of $13,000 USD. But, if you're not prepare, we would need to see in weekly timeframe and right now, we see in the highly zone that obviously we would need to make a correction toward the $12,400 USD as I say you. Once that Bitcoin it's going with the parabolic up,...
BTC wicked up to touch the top of the channel based off the two previous swing highs, don't be alarmed if it comes back down to the bottom of the channel or breaks through the top and turns the upper channel resistance into support.
Keep an eye on this, screencap it or whatever
ANALYTICS Bitcoin billionaire Zhao Dong predicts stagnation around $ 4,000 and $ 6,000 The famous Chinese bitcoin billionaire and trader Zhao Dong shared with Weibo his thoughts on the current state of the crypto market. Zhao is sure that the bear market has not ended, and that the recent Bitcoin rally does not say anything. According to Zhao, bitcoin is...
BTCUSD - BTCUSD broke down in a failed setup, buy orders were not triggered - Had a small hedge short that was triggered when structure was invalidated but sold at 7k - BTCUSD could now trade within the range of a previous funnel - hopefully will lead to another setup with a probable bear bias All in all, reiterates to me the importance of getting into...
In times like now there is no indication the market is up or down. " I can expect that the probability of going down is about 70% " I will share with you another pattern that i always consider it as a very important indication for me. this will be the second secret i share in this community. First secret was about the killing point. You can see it in my last...
New support zone for BTCUSD @ 6800. If the support breaks, new support @ 6400 ( see ). BTCUSD is clearly bearish but the immediate trend could go either way. I can see a sea of whales. Never underestimate the ability for a bear to turn into a bull and the other way around. One wave at a time. DON'T APPLY ANYTHING I WRITE.