⭐⭐⭐ BITCOIN $BTCUSDT Weekly Market Overview
Similar setup as before. March closed bullish
for BITCOIN.
What are we expecting?
We are still in the range of 26,600 to 28,900.00. A good sell off to $26,500 or much lower reaching $24,300 before a good buy breaking 29,200 highs towards $32,400 region.
Swing Signal - SELL THEN BUY📉📈
Wish You A Great Week Ahead, King 👑
HEAD AND SHOULDER BEARISH PATTERN SPOTTED.
What does that mean? Bearish Bearish Bearish! We may get to $50 and even lower soon to complete the setup.
But before that, we should expect and plan to catch the next short term rally to $70 possibly.
Entry would be lower time frame after confirming exhaustion.
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It is no news that BITCOIN continues to decline from its ATH. We will continue making lower lows and lower highs until the main trend changes.
Last week, I made a call to $40,000. You can see the call here -
We got to $40,000, took profits and the market dumped hard. Now, Here is another one we recently tapped $34,300. I am expecting a
build up, confirmation...
A 20% short bull run(retracement) is expected.
After over 30% decline from last week high of $8.66.
We have been creating lower highs along the way.
For the new week, an entry after a double bottom or
lower low to retest the lows @6$ would be a great
opportunity to go long/bullish. Ensure to wait for
bullish confirmations on the lower time frames...
We recently tapped multiple monthly support @$37,750 and $38,440 respectively.
We can see the markets have been creating lower highs and lows along the way.
Now my bias is bullish for the mid term. A falling wedge can be spotted and bitcoin just
rejected a key fib level.
Then we can spot a bullish divergence on the daily timeframe which adds more
confluence...
$GMT TRADE SIGNAL FOR THE WEEK - SELL BUY SELL
GMT recently made a new all time high @$4.17.
Breaking the previous high @$3.85.
Price then created a double top on the 4hr,
lower highs on the oscillator and fell hard
from there. Similar scenario to $APE
So now, what are we expecting??
If you said a pullback then you are correct! Friends
Before we get one, I...
BEARISH BULLISH BEARISH
As we can see the market is currently bearish
on the 4hr.
BINANCE:APEUSDT
After creating a double top @24$ and stochastics
making a lower high. The market dumped hard.
Thereby failing to break the highs of 28$.
The trendline got broken and now we are
expecting a good pullback this neww week
to form a new lower high. Then a new...
