Bear Flag, and the price is getting squeezed between EMA 8 and EMA 34, most likely to fall down to Weekly 300 MA T1. If won't hold then Weekly 400 MA T2.
Also, getting squeezed in between EMA 8 and EMA 34..Keep an eye on the channel.
BTC is getting squished in between EMA 8 and the 20k support. The momentum is still bearish. Never happened before doesn't mean won't happen again. Keeping an eye.. 16-17 K looks like a nice support area for now.
As you can see RSI is breaking downside. Looking at the macro conditions here, BTC can fall to the next strong support at 12k. No one can be sure if that happens or not but seems possible now. If you see my previous published charts we almost hit the target so I bought 20% of my BTC there. Now, will buy the remaining at around the 12k zone (50%), and then I'll be...
KDA is one of my fav projects and I'd love to buy it for a cheaper price :D
Rn, Bitcoin is in the box as indicated and no one knows where it is going to break. It needs to close above 31.8K in order to up or fall down to 200 weekly MA. Keep an eye out and be ready. Looking at weekly RSI it feels like something should happen soon. Within a week or a month. What do you guys think? p.s. Since everyone is bearish doesn't make BTC bullish or...
We'll have plenty of time to accumulate BTC when it hits the bottom unless there is gonna be a black swan event. Keep an eye on the 200 MA area. Historically buying above it is not a great idea. When BTC hits bottom, ALTs gonna keep bleeding and BTC will follow the lead. I'd keep my portfolio 70 percent BTC until I see S/R flip in alts with BTC pairs. It might...
BTC might seem to retest the 25k range and might go further down. I'll share the weekly analysis soon...
Sometimes the best trade is not to trade at all. If i have to pick I'd short unless the conditions fail to validate. Looking at the Market, I'd not gamble my money for the bottom. Pretty sure the bottom is yet to come.
If the daily closes in green, we might see a relief rally to the upside which I mentioned earlier. Target points are mentioned. Please let me know if you disagree, remember the market doesn't owe anything to us. We all are playing the probability using TA and history. ...keep an eye on, and be safe!
Looking at the market and overall TA, I believe that more pain is yet to come. What do you guys think?
Just check...if it follows and the line holds..we gonna go up n up.
How does it look?? I think the market is ready for an impulse wave.