Bitcoin is now near two lines. I still expect it to crash to the lower support line of 5788.
BTC is in a large ascending wedge, the measured move would be sub $5500. We failed to break up out of the ascending triangle that I previously identified making this pattern more likely. This is not trading advice.
Hello friends, After coming back to this chart a week later. I realized the prediction I previously made was was conservative. The low looks to be about 4,000. 2nd wave coming soon. The chart speaks for itself. Happy trading, Disclaimer- this is not financial advice! It is pure chart speculation.
Eyeing sub-$4400 until June or July.
My trade set up Just opened at time of writing price was $166.XX something. 20x LEV Short ETH TARGETS 1) $163.75 Then move stop loss somewhere near here to lock profit if trade goes bad which during uptrends they can fire off ANYTIME during a correction post pump. 2) $161.10 Then move stop loss "BLAH BLAH BLAH" 3) $159.25 YOU GUESSED IT. . . MOVE STOP LOSS...
Bearish trend line since February 13 in green and bullish trend line in red. We open shorts for a risk benefit 1:1,5 approx. By Blackfox
Generally a breakout in the price momentum ( whatever the indicator being used ) signals early buy/sell stages of both breakout side . Moment of truth for that famous ascending triangle published so many times among crypto space participants . If btc indeed breaks out for further correction, it is all about droping for rebouncing even higher than before its...
Short or long is always the question - but we have clear areas for targets either way. Just a waiting game at the moment.
This is my plan for $BTC if it follows my idea. I will compound my short if it cleanly breaks back below the mid range (S/R Flip) and then retests that level. Stay healthy out there. Cheers!
I expect such kind of move in next few days, dead cat bounce, HS probably forming, global trend is short
My idea of how BTC will unfold over the following weeks. Keep in mind, price is dynamic so you should be fluid. Your plan now might be invalid after 5 minutes of price action. Take care and don't blindly follow.
I am still bearish on BTC just like all markets for the most part. I think BTC will follow the DOW for a little while, perhaps we will eventually see a decoupling with inverse correlation. I expect that BTC will function like silver and gold did during the last recession where all assets dipped at the beginning but the strongest recovered before the stock market...
Personally if I see BTC monthly candle closing below 7000$ The 2000$ price is quite likely getting hit forming a LL Many people express their hopes for bullish runs But PEOPLE need to understand that : LISTEN TO WHAT THE MARKET IS SAYING , NOT WHAT YOU WANT IT TO DO If you follow basic Technical Analysis then idk how you are bullish at this point and you...