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BTC: MORE DUMP AHEAD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump. Now, what's the next possible scenario from here? BTC is forming an ascending broadening wedge-like structure in 2hr time frame which is generally a bearish pattern. After breaking down this broadening wedge, it is currently retesting it. So after this successful bearish retest, I'm expecting more dumps from here. Invalidation:- Break and close above $21.1k will invalidate this bearish broadening wedge scenario. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
4
Will BTC repeat this identical pattern as it did in 2015? Hi dear community and my loyal followers. Let me bring your attention to this important historical data. As you know I told many times that 2021-2022 bear market look like more likely to 2015 than 2019 taking into account many factors)). That's why in this analysis I'm comparing 2021-2022 bear cycle with 2015. Look at price action bellow 5D gaussian channel, do you see the identical move of the price from 1-7 steps? In 2015 when price approached to mid point of Gaussian channel and range high(#6) it dumped making 2d bottom(#7) , So I expect the same move to be happen now. Price is approaching to mid point of Gaussian channel(#6) and more likely will retrace to 19K+- making double or even triple bottom counting 17.5, 15.5 and potential 19K+- lows. (#7). BTW when price reaches 24.5-25K it will be weekly 50 and 200 EMA also multi-months diagonal resistance. /I will post it a little bit later on regular chart. I also expect such kind of move coz a lot of moon-boys turned bullish and opened long positions at 22.5K and expect 28K+ prices. )) If you like my ideas and analyses, don't forget to like, follow and leave a comment please. I appreciate any single tweet.
BITSTAMP:BTCUSD
by ergal91
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is forming an ascending channel-like structure in a 1hr time frame which is generally a bearish pattern. RSI is also showing bearish divergence. Price is still moving inside a channel and we might see another pump above the $21.5k level for trapping more longs and after that, a dump will be coming. Once it breaks down the channel then it is a confirmation for the price to go lower. Invalidation:- Break and close above $21.8k What do you think about this? Let me know in the comment section. If you like this idea then do support it with like and follow. Thank you!
Short
by CoreCrypto1
6
BTC IS GOING TO DUMPBitcoin has pumped a lot recently, and so much people is hyping it, saying that the bullrun is coming , this is just the trap. One thing I learned for 2 years Ive been in crypto is to never do what most people do, bitcoing is going to dump at least 30% and same people that are calling the bullrun now will say that this was unexpected or something like that. This is pure institutional trading, we filled imbalance, came straight into supply zone which is on 200 EMA to confirm it being valid. Dont say that I didnt warn you. Btw I am 16 yrs old, u can listen to me or people who told you to hold at ATH.
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by UnknownUnicorn35938156
1