Short

BTC (Y21.P2.E2).Price action going where

Updated

Hi Traders,

I'm a bit bearish today.

This is just my opinion which is based on a few observations, fractals, others opinions and then mine.
I will also show you some indicators.

I can't be bothered explaining it here in words so I will prepare next the video recording, if the market lets me.
Tony Vays says 4 daily bearish candles, which aligns with this chart.

note: blue and black ema are daily 10 and 20.

All the best.

S.SAri

REASONS are here

Its possible price finds the bottom on the daily ema of 10/20

Note

Now regarding BTC performance. On the 4 HRLY, we need a green candle that is its body is larger than the previous red candle. 2nd, we need it to close above this red line and if not, the 3rd candle is green and closes above the previous green candle and above the red resistance line. If that happens, then 70% change this is the bottom. We need the 4 hrly to close above the blue daily 10 ema as well.

Note

I'm expecting it to drop to the 20 daily ema or that fib level. If price drops below it, then it opens the door to the bottom of the channel or support trend line

Note

Bear flag of some sort

Note

The daily candle closed and it changes the EMA as to what I thought it was. now we have the next target.
red line 54400 or 20 ema

Note

Keeping an eye on this indicator, close to the bottom

Note

ssari

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