Bitcoin broke the previous 'NATH' of 24.298$ by setting a New High at the price of 24.461$. On the 2 Hour Candle when this idea is published it seems like Bitcoin tested the GREEN Support wich is the last 'NATH' of 24.2K and broke below it showing bearish signs. What is about to Happen? Will Bitcoin continue performing well making New Highs or will it fall sharply...
- Beware of participating on any of your TRADES, because your CAPITAL may be at RISK! The market may Become pretty VOLATILE at the blink of an eye considering all the facts of having a Deep Correction which is just Around the Corner! Bitcoin has pumped more than 400% since March's Plunge when Covid was Declared a Pandemic! However, let's not just go so way behind...
THIS IS NOT FINANCIAL ADVICE! PLEASE DO YOUR OWN RESEARCH BEFORE EVEN PARTAKING ON ANY TRADING ACTIVITIES BASED UPON THIS CHART. Bitcoin started the current candlestick trying to create support after breaking out from the 'Golden Pockets' marked with dark-coloured areas. Worth mentioning also is the fact that the Yellow MA is headed with the head held up high...
After Bitcoin broke down the 'white' triangle and broke below the dark areas it declined sharply with a wick to 17.6K to possible performing a dead cat-bounce, retesting previous support of golden pockets perfectly but now as resistance only to get rejected and continue to be headed lower. What we should all be anticipating while bearing with patience, is Bitcoin...
BEARISH ENGULFING ON 1 HOUR CHART Buy Support-Levels Take Profits at Resistance-Levels Easy Peasy! Let's make some worthless FIAT money with our Precious SATS while Accumulating even more meanwhile
Please do your own research with your own diligince before investing or taking trading actions based upon this charting! Explanation & Tips for Profit Trades: I expect Bitcoin to put in a lower low in order to test various areas from the huge run up it did previously. I expect next lower low to hit the range of 17.000$ - 17.300$ price level area, so I'm shorting...
Decisive Key Moment for Bitcoin on attached on a larger time frame for the previous chart published 'SHORT BITCOIN FOR NOW' Literally: BULLS VS BEARS Which one ready to take full-on control of Bitcoin's price movements. Be ready for anything, maybe The Halving effect has already taken place to push Bitcoin to a NewAllTimeHigh!!!
Non-Financial Advice! Please do your own research before taking further action! Wether Bitcoin is already in a Bull Market headed to ATH of 2017's price level, a Correction is needed since at least the month of JULY, 10k psychological price level breakout, not to even go further since March's rally. Bitcoin has pumped hard since PayPal accepted cryptocurrencies...
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Let's see how Bitcoin will Close this Weekly Candle to Recognize better WHERE it is Headed in the Near Future Term.