njmanura

njmanura

Bitcoin clearly broken below this bear flag and retested lower line. Invalidation is close above 120k.

njmanura

This head and shoulder pattern may push price to 95k. At 95k we have weekly moving average bands and they will act as support. But as recent history suggest it will be a very choppy downward move.

njmanura

Bitcoin has broken out from its downward channel. I changed my bearish view to cautiously bullish. Broader market also digested the trump tariffs and US federal reserve has starting to ease despite high inflation to counter short term effects of tariffs. FED also started slowing its balance sheet reduction from April and more rate cuts are planned in 2025. US...

njmanura

We will take one of two paths. Anyway bearish and bottom may be at 69k - 72k.

njmanura

Elliot wave counts from one year back makes it clear we are at the end of 5 wave. This cycle is mainly driven by US economy, all moves comes during US trading hours. There is very little retail participation in bitcoin trades, they are all in meme coins and altcoins. There is bearish sentiment in retail participants, but extremely bullish sentiment in US cooperate...

njmanura

Reclaim of this channel will be bullish. With trumps inauguration around January 20, we may see bullish price action. But once he inaugurated we may see a crash (Sell the news)

njmanura

This trend line is quite accurate as I have predicted in my previous post, we dumped into lower support. We may see a bounce towards 110K.

njmanura

Bitcoin has been on a relentless run. Helped by manic buys of Micheal Saylor. Only he can break this channel. Otherwise we can goto 97k, and still be insanely bullish.

njmanura

These high timeframe rising wedges don't end well.

njmanura

break of downward channel and retested the trendline. RSI trendline also retested the trendline. For geopolitics, whatever the rhetoric and media says Game theory is playing out between Israel and Iran. I don't think Israel will attack Iran in a way that can cause escalation of the conflict.

njmanura

Once you see this you cannot unsee this. Bitcoin cannot be bullish unless this channel is broken.

njmanura

They cought technical tops and bottoms (Not absolute tops or bottoms)

njmanura

Falling wedge usually break upwards. With few catalysts in future such as Futures ETF first deadline, and Dencun upgrade it is possible this to rip higher

njmanura

I am shorting this. Short time frame break of market structure.

njmanura

Recently Crypto markets tend to price in news quite quickly, due to increase in professional traders. LTC Halving is priced in and pump is over. We may get a mini pump at the halving date, but dont count on it.

njmanura

LTCBTC pair broken out of trendline and clearly testing it. Very bullish.

njmanura

Most probable outcome is Bitcoin tests 28500 then go higher.

njmanura

Double bottom, testing 61.8 Fib, breaking of trendline and retesting it, what else do you want to be bullish on LUNA.