HEX no more bearish until...Hex regained BB daily middle line...it is NEUTRAL as long as it keeps support 0.228cents...to start looking bullish ,price needs to retest and close above BB uppper line (which now traveling at 30c ish but closing down)
DMI bears and bulls are "fighting" under the critical 25 with ADX line slopping downwards....that shows a clear loss of bear momentum ...
In a big ,60,70,80% DIP like HEX had,a recovery is never straight forward .So we do expect some retracments at some point.If price starts to close under 22cents ,next pshilogical target is 20 and the BIG one ,18cents. If 18cents wont hold ,price could retest prior low (14c ish ,forming a double bottom) or it can reach our target 10-12cent zone...that would be a lower low on the grand scheme, with a higher or equal low on RSI (bullish div)
This 10-18c zone is a "muddy" zone ,there are some clear bottoming and accumulation signs.
Xbt
I'm not saying it was Tether, but it was Tether.The orange is tether supply, the red is what some people pay for a bitcoin.
Understand
Bitcoin is a computer program franchise. If you want to run an exchange you can buy a franchise API for a few million and you will have access to the Bitcoin market. A fraudulent market painted by computer coders and their bots at the behest of the secret trillionaire world elite for their personal amusement as they await evacuation to the Mars and Titan colonies. The trillionaire world elite shall watch the destruction of the Earth, which they wrought over millennia to get filthy disgusting rich by flaying pleb dreams alive, laughing at a safe distance in the comfortable surroundings of their space pods. Their children shall populate the stars and spread their DNA across the universe, spawning more idiotic plebs for future exploitation whilst preserving their pure and godly bloodlines. They will see, feel and know things you could never even comprehend. They are Darwin's winners, you his losers. Your sole purpose in existence is to remove junk from the gene pool. You think you can play their game?
Prepare to lose everything.
Santa rally cooking...After the latest moves there is a strategically interesting structure setting up for the year end flows. Here I am tracking a pullback towards $52,000 support for an opportunity to load for the next exchange.
In desperation, late buyers succumbed to the fomo which was buying the highs while sharp hands are taking profits (very similar to our latest ETH charts). Now that the highs have been taken, profit taking becomes apparent.
This excellent setup is remarkable not only for the transfer of the momentum, breakout, retrace, breakout, nowadays we consider wave 5 to meet at least the length of wave 1 which will take us at least above $75,000 with extensions (unbelievable) all the way at $217,000.
btc 11-27 update~i notice that btc's price is contracting, while btcusdlongs are starting to rise.
this divergence between btc & whale longs is very bullish.
we also have some really nice money flow \ rsi divergence on the larger frames.
i also noticed that a lot of btc miners look primed for a big run. will share my few setups after i see what the usa market looks like on monday.
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i think we dance around this lower region for a few more days before taking off.
expect the unexpected though, anything is possible in the world of crypto, especially during these wicked times.
11-24-21 btc update - breakout incomingi did a little video update this morning talking about two potential scenarios,
continuing to observe price action, and it looks like btc is poised for a breakout or a break down.
which one is it going to be?
breakout would take us to about 60k
break down would be at about 53k
btc long swing ~good evening, i think btc has begun a mean retracement after the completion of a 5 wave move.
during this time, i dont expect any parabolic moves for btc, just a slow grind up before further downside.
alts can perform very well during this time, but be careful with them.
i do think we've entered into a larger bearish phase just based of everything that i've been seeing today.
will post little swings periodically, but ultimately i am mostly sitting in cash until this correction is resolved.
Wave C target = $58,400
Bitcoin | December will be Bullish..!!
#BTC (Update)
In daily timeframe, Bitcoin has been Moving inside the Ascending Channel..!!
At the Moment, Ichimoku Cloud Acting As Strong Support..
9th TD Buy Candle Printed as well..✔
In case of Bounce Back, #Bitcoin Might test the 78,000 Mark in December.
In Worst Case, If Ascending Channel Broken Downside, Bitcoin Might Retest the 38-40k Support Area..!!
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Thanks for Your Love & Support..!!
The end of the boleran and the beginning of the fall I announce the penetration in the last HL and the beginning of the bitter scenario and the end of the bullish boleran. Until this fall is not done, we can not say whether it will continue to rise again after the fall or will make more falls ... So for now, we are moving forward with the same scenario.
I do not have an exact date for the start of the second fall, but it is possible that the fall will start from 1 Dec and 2 Dec. This fall has been in the service of the market for about two weeks. Even with the arrival of $66100, the fall scenario is not violated.
We can see that with this penetration and the formation of a beautiful QM with a few pumped candlesticks, the buyers' power is over and then the fall begins.
Bitcoin | Ascending Channel & Key Level to Watch..!!
#BTC (Update)
In Daily timeframe, Bitcoin is Still Moving inside the Channel.. (So far So Good)
+19% correction so far since 9th November High which was Necessary for Healthy Trend ✅
Now, Ascending Trendline, Ichimoku Cloud & Fibonacci 61.8% (53,7k) are Acting As Key Support & RSI indicator is Also Moving above the Trendline Support 📈
If Bitcoin Remains Inside the Ascending Channel & Above the Fibonacci 61.8% (53,7k) then December Will be Bullish for Bitcoin & crypto. (Expecting New ATH)
In Worst Case, If Channel broken Downside, Bitcoin Might Retest the 38-40k Support Area..✍️
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
BTC/USDT- Bearish momentum building.
- Bullish trend
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
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