BTC WATCH PARTY: how will the M pattern complete?
Updated
Lets see how this works out, we are at the crossroads. We need to break the neckline to regain bullish momentum, there's no chilling around at these high prices as there is no decent support. First major support is around the inverse head and shoulders neckline around 59,6K.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Note
In the lower panel: Coinbase stock price, notice how it dropped and took BTC (and the whole crypto market) with it... Lets see if it can bounce. We have a big M and a small W, maybe the W works out but it doesnt look great just yet...Note
BTC UPDATE: a fat rejection from the neckline here guys and Coinbase is setting lower low after lower low... This doesnt look good at all... I said it already hours ago. I guess I'm one of the lucky few that sold above 64K...Note
BTC MOMENT OF TRUTH: The dollar is starting an uptrend because the Euro made its pips for the day and will retrace. If COIN falls below 400$; BTC will correct to support around 60K.Note
BTC CORRECTION: BTC will retrace back to 60K area! DXY is in an uptrend and Coinbase gets what it deserves. Remember how they launched ADA? lolNote
Good bulls look for bearish signs and go against our bias of “wanting” price to go up. Did I want to close my long opened around 57? No! Did I have to? Yes! Why? Because I look at the scenarios that rek my portfolio not at scenarios that will 10x my portfolio. We want profits at the lowest risk of losing.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
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