#BICO/USDT#BICO
The price is moving in a descending channel on a 1-day frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.1676
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.2170
First target 0.2555
Second target 0.3027
Third target 0.3628
Bicoinshort
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉
And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven".
🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come.
Given that today the price has returned to the ascending D1 Channel, several scenarios are possible:
🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity.
🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity.
In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰
The market is always unpredictable. 🔥
And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility.
CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
BTC Pattern shows Pullback to 27.1K! Could it be worse?Signs and patterns are VERY bearish pointing towards 25K
-Bitcoin Pattern (Parallel channel) extending as expected and volume is going lower
-some other indicators showing sign of bearish momentum and even a bear flag has been formed on btc (details on video)
-SPX signaling for a pullback as well thus downside could be ugly if happens.
-The H&S is still in play but we are wating for the right shoulder to form (needs a dump)
I encourage you to watch this until the end if you wanna protect your assets
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**Disclaimer - No Financial Advice **
$Paypal & $BTC Dumping, As One. Technically both assets seem to be exhausted and a trend reversal is imminent. From the Looks of the MACD Indicator, we are in the early hours of a bear market initiation and we need to be prepared for exchange power outages and whatnot. Please DYOR and Happy Trading. Hit the like if u agree and best of luck trading.