Bitcoin Mid-week Update ...and still no confirmation from bears!Traders,
With all the fear I am seeing in the comments and everywhere else, you would think that the bears could have the conviction needed to take this market down (if that's what it's going to do). But no. We still remain in bullish territory overall. Check out some of the things I've spotted here.
-Stewdam.us
Priceprediction
Possible Price Actions in Inverted Symmetric TriangleEven though we show a fake break out of our current inverted symmetrical triangle, we continue to stay inside the formation. If BTC shows the required performance, we break the price resistance at $43.5K and then after a re-test period, we will first start our journey of $47K and then $52K. We are in a tangle of movements that will cause us to think that we will be in this pricing process in the medium term.
My completely non-technical prediction is that if we reach our target of $52K, market maker hidden hands can take BTC to a price of $56K and slightly above to burn the short positions that will be opened at this point. Afterwards, our $22K process will inevitably start and we will make trucks of money from short positions.
Possible Misleading Price ActionThis futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come...
When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic.
Strong support and ma100 crossing $10,794. In principle, when one moving average is broken, the price moves to the other moving average; The closest moving average, ma50/M, is crossing 20,637.
So my fuck scenario was that our monthly ma20 was broken and we walked to ma50. But not now, please not now....
Price Prediction with Possible Support and Resistance for BTCIt seems we are in a megaphone and according to the fibonacci replacement we should not break our support area. For the bullish expectation, we definitely need to go above ma50 as soon as we take the 4-hour timeframe as a basis. It is inevitable that the Megafon lower band of $38,500 will come in a possible support area breakout. In the positive scenario, if we can rely on the instantaneous appearance of the stochastic relative strength index, our journey to the $43,000 resistance will continue with the support we will receive from the fibonacci golden pocket level.
ACALA ACA price movement predictionPrice Prediction
not financial advice
this is for entertainment purposes only
always DYOR
smash the like button
2CRAZY 2CRZ price movement predictionPrice Prediction
not financial advice
this is for entertainment purposes only
always DYOR
smash the like button