As we know BINANCE:BTCUSDT couldn't break old High which is at 73750, now trading at 61k. I was focusing at 61k-63k range to look LONG-FUTURES trade but looks like BINANCE:BTCUSDT is shifted other way and much possible to check 53k area. There is a valid Order Block zone between 57k-59.5k. But as I mentioned earlier BINANCE:BTCUSDT more likely to hit 53k in...
69k -> 33k Falling wedge pattern. Bullish divergence. 33k 44k 37k Bullish harmonic pattern. 0.382 fibonacci. I expect that the price will reach at 41k and break the resistance line, then try at 49k, 53k.
The Sandbox We are still in a Sandbox like Jun 2021 touched 3 times bottom of the box and 3 times top of the box 2 Scenario is possible: 1. a Death Cross (ma50/ma200) like Jun 2021 , break down to 40k Support 2. break up the Sandbox to 53k resistance and a parabolic move in Q1 2022 but we should Retest descending trend line (white line) What do you Think?
Nothing has changed for BTC ever since the BTC broke rising wedge pattern its final target was at around 53-52k, we also have a great weekly support at that area, you can fill your spot bags at 56k 55kk but I wouldn't recommend to open any futures long position as of now,
At the moment, we see some bigger selling pressure on Bitcoin and the whole crypto market. But, is this really a problem, or maybe just the last wash out of weak hands and leverage before we actually start to move up even higher? First of all, Bitcoin is very well known for corrections of around 20-30%, that's literally needed to work off those massive and...
This is the concept of what bitcoin should do.(perhaps) if the key demands (60K and 58K) are lost , we gonna reach the bottom of the ascending channel.
The support near 53k is the only thing holding back a major correction. Please see my previous Bitcoin post for an expanded view. We are on a path to retest 53k overnight... and if it fails... look out below. This is all my opinion, it's not advice.