Crypt1m

Crypt1m

The world is undergoing a geopolitical shift right now like of which's not seen since the end of WWII. International institutions/mechanisms that put in place after WWII and are supposed to uphold peace are either not relevant anymore (UNSC) or not functioning properly (NATO). Western Civilisation is in a catch 22 vis a vis Russia regarding Ukraine situation. If...

Crypt1m

Unofficial bottom support (Weekly 200 MA) not respected. Unofficial bottom indicator (Weekly RSI below 30) not respected. We're officially in uncharted territory now. A paradigm shift in BTC. Prepare for the worst.

Crypt1m

In the weekly time frame 200 SMA Support sits at 22k for a natural trend reversal target (which i believe can be reached this summer), while a typical 80% bear market drop would take us to 13k (EOY target). On the other hand, FED's handling of the inflation, global supply chain problems caused by China and the developments around the war in Ukraine will decide the...

Crypt1m

BTC's weak rally after the Omicron variant seems to be at an end and the long overdue bottom might be in later this year.

Crypt1m

Green dotted line is a major trendline all the way back from 2014. It's gone now. Next major supports are ~30k and previous ATH 19k. Previous bull runs ended with a ~80% correction which points to 12k around November 2022. Good luck.

Crypt1m

$5 looks like a good entry point here for Tezos. Sitting strong on support and waiting for a chance to burst out of Keltner Channel.

Crypt1m

Thank you BTC for the run and see you next time! I'll rebuy whenever it touches green line.

Crypt1m

If past is any indicator, we got another year of sideways action incoming.

Crypt1m

It just keeps dropping and dropping. Technical/psychological supports are all but meaningless.

Crypt1m

Price touched; 200 SMA 2017 trendline 61.8% fib level + RSI bottomed out If we don't bounce here, God help us :)

Crypt1m

Trying to hold onto green support line but I don't think it's gonna make it. If it falls further, we might see a dead cat bounce from ~$8.5k

Crypt1m

Looks to me BTC is forming the same pattern from when it first started to drop.

Crypt1m

My 2 sats about what's gonna happen: Green support won't hold and BTC will drop down to $7500-$8500 area like everyone is expecting. But since everyone is expecting it to bounce from there, it's an ideal level to set up a bull trap. Which means it's gonna bounce from $8k area and break the first resistance which is the dotted red line pointing downwards, THEN...

Crypt1m Updated 

BTC doesn't look good. 8K incoming?

Crypt1m

BTC can't seem to break resistance.

Crypt1m

BTC looking good on daily, forming an ascending triangle.

Crypt1m

RSI Oversold. Bouncing from SMA 100. Volume up significantly.

Crypt1m

Just drawing some meme lines.