continue sideways, BTC accumulates below 88K💎 BTC PLAN UPDATE (April 18)
The recovery of the D frame shows the optimistic sentiment of the market, believing that in the second quarter of 2025 the market will heat up again. The FED lowers interest rates, the group raises tariffs.
NOTABLE NEWS ABOUT BTC:
Recent trends suggest that Bitcoin ETF sell-offs during price surges often foreshadow significant market pullbacks. Notably, substantial outflows were recorded from BlackRock’s IBIT and Ark Invest’s ARKB ETFs, each losing over $113 million in assets.
Should the sell-off by seasoned U.S. institutional investors persist into Thursday, cautious sentiment may spread to strategic retail and mid-tier traders, deterring them from initiating large bullish positions. This risk-averse stance could help explain Bitcoin’s current stagnation near $84,600, even as top-performing altcoins like Solana outpace it with stronger gains over the past 24 hours.
TECHNICAL VIEW
BTC price needs to surpass 92-93K to enter the next big growth period. However, political instability and tariffs are holding back BTC's breakout. Price will continue to sideway and accumulate around 82-86K
Short time frame, sideway around 84k, slow liquidity.
==> Comments are for reference only. Wish investors successful trading
Sellbtc
BTCUSD what are the next candle prints? I am looking shortHey everyone this is your boy Hunbal! I am looking for a good sell trade ready for asian session BTCUSD is ready for a drop I have 2 confirmation one the rejection from the resistance level and second choc in m30 time frame so we are hoping a good sell from here (98,351) our take profit will be 100 pips 97,351 and our stop loss will be 70 pips 99,000. I wish we all together print some money.
Good Luck :)
BTC selloff to 38k-35.5k for Q1 JANUARY 2024With the Top for 2023 confirmed we can begin to dump.
$44.7k is TOP for CRYPTOCAP:BTC 2023.
We opened 2023 at 16K levels so we are bound for a retrace in Q1 2024.
(34K is 61.8 level on fib retracement for 2023)
BlackRocks Bitcoin ETF will seek approval by January 10, 2024.
With BR injecting their footprint into bitcoin i anticipate a drop to retest sub 40k region to 38.6k being TOP of box and 37.5k being BOTTOM of box.
It could continue down to 35.8k as alot of supply lies at this area.
Today provided the first drop in the sequence.
Once we break 40K it should nose dive.
Entry at 41.8K
SL: 43K flat
1:3 Risk:Reward ratio
**The large move is to 29k levels but it will not be fluid**
This is my personal thesis and not financial advice.
Doji, Hammer, Pinbar and 7 Divergences ; Right after anotherSeems like there is a short-term dump incoming;
Weekly timeframe RSI divergence made exactly
under the '"May 2022"' resistance and the 0.5% Fib level ,
And there is 3 confirmative candles. Pinbar candle had made last week ,
a Hammer and a Doji candle had made 2 and 3 weeks ago.
If we make a daily candle closed under 30K ,
28K would be the next major support for BTC ,Even 25K after that . (my opinion)
Also all of the 3day ,daily ,12H ,8h ,6H ,even 4H had made RSI divergence.
I'm Bearish on BTC