This is not financial advice. I do however own a bloomberg keyboard.
Here is a scenario of what could happen just before the next drop to 30k, Bitcoin is probably going to "range" in the next days/week and then set up a bullish pattern which is a trap to liquidate traders and then...
While we all thought bitcoins new investor base would hold us above the 40k support, it broke. Why? The fairy dust has cleared and the fomo buyers from last year thought “stonks and crypto only go up”? Well they are all liquidated now and will be deleting there apps. What’s next? Taking a look back at the WEEKLY, this is the 60% dump Bitcoin commonly does....
Over the past two days, the cryptocurrency market has seen $1.5 billion in liquidations. During this time, bitcoin corrected by more than 15%, while altcoins corrected by 20-40% at all. Now it is hard to say: will this volume stop the price, is this the end of the correction or will the price continue its decline. We are still without any positions starting...
Monthly chart projection of a head and shoulders forming vs a long term up trend on the next bounce area of 30k... Everyone can guess at this point, technicals matter, not sure which ones yet...So many models and indicators work till they don't.... Peace....
BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD Hello, I am an investor who has been investing in Bitcoin since 2017. As interest rates rise, the liquid asset bubble bursts, Russia bans all cryptocurrencies and is on the verge of war with Ukraine. I want to share my thoughts on Bitcoin. The first and closest Bitcoin support is near 29,100 USD. This support...
Looking to sell once again. Huge potential to drop massively. Get Ready!!!
From my point of view the further crypto market development is heavily dependent on macro factor s such as: - Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country - Stability of the US stock-market which is heavily correlated to the crypto market - Leverage portions within the market: According...
BNBUSDT let's talk about the possible scenario. Price has dropped from 670.0 level and reached trendline support, here we are expecting two possible setups. If bulls take over that area of confluence then they can pull the price towards 430.0 level. But if bears contain their momentum they will drag the price towards 290.0 level. Good Luck!
Momentum on the weekly and daily EMA's has recently crossed over signalling an overall bearish sentiment towards BTC over the next few weeks. There has been clear series of lower highs and lower lows and price now appears to be falling towards previously established support located within the 20-23k price range. The 20k whole number psychological level also...
I did predict in my TA on 4H charts at very beginning of November upcoming 35k support level & most of people politely smiled back to me. Well… finally we are here, @ 35k. In my TA on 4H charts it means only one - Consolidation time. Prices still going to bounce up & down for a while and some fake breakouts going to happen up & down. Some people going to loose...
A breakdown has occurred on BINANCE:BNBUSD . Check out the levels of interest. Follow and like for more updates.. #AHMEDMESBAH
Bitcoin has functioned as a Reservoir for Excess Liquidity. It has never functionally become a fully functioning Currency. Never, nor will it. Ever. Central Banks will not permit that level of competition with other Primary Purpose. ____________________________________________________ Now that we have that out of the way. It is a speculative Instrument...
Bitcoin breaks down in smaller channel, just part of larger pattern. Fibonacci drawn from $3700 low to high shows 2 support areas, 50% at roughly 35k and 61.8% at 28k. A shorter term Fibonacci sequence can see support at 32k also. Downward channel can trend towards late March. I don't foresee Head and Shoulders pattern actually playing out, as this would...
Hello dear traders. I hope you are doing great. Well as you can see on the daily chart , BTC is moving in a ascending channel and now is testing the bottom of it which is around 34K. In my opinion we are going to get support around 34K and move a little up but then we are going to have a second leg down which then forms a double bottom pattern. Then after that we...
Hello my friends! Still a lot of fear on the street. The Greed and Fear Index has just been at 21. Many Bearish posts are circulating. As you know I am still bullish. For me, the Halving Top has not been reached yet. I understand the last correction as a Main Correction towards a Bullish Accumulation. In 2018 this kind if Main Correction was imo the entry into...
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Short liquidations are building. Greedy short sellers may possibly cause Bitcoin and the crypto asset class to move out of this zone it entered today when panic selling occurred Notice on the chart that BTC is no longer being sold out of the bollinger bands. And wicks are growing on the bottom of candles. This is a sign that we have quite possibly reached the...