As per title. May god have mercy on the souls of all LUNA investors. I hope that you know life is important , money can be earned .
Currently rejecting off the golden pocket, will continue lower, hold on tight
Call the bear a bear. The market is currently in a bearish phase. This is due to a confluence of macro economic factors and many other signs of recession. I am a BULL when it comes to crypto but we cannot ignore this bearish signs. The most recent weekly close has done a rejection of the golden pocket and will continue to trend lower. With its high correlation...
Break of neckline will bring target to the 0.42 region. Invalidated if bounce from current level. Trade safe, not financial advice
First time in many months that the daily RSI dipped to oversold levels, may dip further, but this may very well signal a bottom
Currently in the process of testing the 50 ema, disastrous if it breaks down from there, last time we broke down we had an over 50% crash. Next range of support is at around the 40-42k region, must hold, if not expect lower. This may very well mean an extended consolidation period for the next few months. 4 year cycle of BTC will be invalidated.
I see a H&as pattern forming. Let’s hope it doesn’t play out. A break means 45k region as target
Price target 0.82 Trade safe. If BTC shits the bed, this potential pattern will definitely be invalidated. Not financial advice
Any further upside will be denied unless bitcoin can breakthrough the 33600 level. 15 attempts to retake the level in the past 2 days have failed
There maybe more downside, however a potential double bottom is forming. This MAY very well signal resumption of the bull run, have to look at the weekly close
Currently testing the previous lost support levels, if daily closes above the support at 340000, we can expect more upside.
Need to break and invalidate pattern, failure to do so may mean more downside
Possible Inverse H&S on BTCUSDT 4 hr