Btc-short
BTC Re-tested Monthly UptrendWe had already broken an uptrend from around $3,200 to the present in September 2022. The price, which has tried to break this trend as resistance many times, has failed every time. What will happen now seems uncertain. If we can successfully move the price above the trend, maybe we have confirmation of the bull season. But until then, it's good to be very, very careful.
Bearish Divergence on Weekly TimeframeThere is a very serious negative divergence already present in the weekly timeframe. If it works, a possible catastrophic decline seems inevitable. If we fall to the target levels, I do not think that the support levels at the technical target can hold the price.
Is BTC still heading to the baseline support?I still think BTC is heading to the baseline support around 12k, I am talking about further down from here below capitulation, moving further into desperation territory, followed by a long consolidation period.
Why? because the downtrend haven't changed yet, together with equities cryptos are in a bear trend IMO.
Bearish points: The 50ma has just crossed above the 200ma, RSI also showing contraction in overbought territory.
The speed of the downfall has changed, but not the direction IMO.
Watch out.
Told you..... but sorry its time to sell now...btc is doomed for 10k sorry...... anyone jumping in is probably going to get rekt. these were my buy signals for the past 3 months. should of gotten in then.
sellers will make sure btc doesnt get above 25k in quarter one. anyway good luck crypto! hodl like your life depended on it.
Cascade of lows. Impulse break downOn the coin, after a strong growth, an interesting cascade of loons was formed.
I consider the impulse breakdown of the cascade after the formation of local trading at the upper level with ideas to collect liquidity below.
I will not enter the entrance when there is activity in the glass, I will not enter from the approach.
BTC $16,600 Retest Incoming 4 Hourly Short Then Back Up.Looking for Bitcoin to come back down to $16,600 on the 4 hourly based on the Stochastic RSI being overbought and looking to come back down to test our Moving Average within the Bollinger Band. Keep in mind we're building momentum on the daily So Bitcoin is likely to have a run up in the price in the coming week or two. Much peace, love, health, wealth. Safe trading!
Targets: $16,600.