670 my friends. ded srs This is for entertainment purposes only. Never go full alste
BTC is on Bearish trend and testing the support at 3500,, if the support at 3500 breaks it can go down to 3000 to 3100,, but the Long term trend are still bullish
BTC is heading south and there is nothing we can do about it but to just enjoy the ride. We will see a pull back going back to the $4600, if BTC doesn't break above $4600 this will confirm the drop down to the $3k. Once BTC hits the $3k it bounce back about .382 of the entire drop, then it will test the bottom at $3k again. This is going to be a bit scary, because...
We should bounce back the the ~4700 area before we see the down slope to the mid 3000's, high around 3750, down to 3600. Set sells at 4690 and buy back between 3750 and 3600
The blue line represents the BTC-chart from end of may to june. The current trend follows the old trend very closely, so keep an eye on it! This chart is based on an older private idea I published two weeks ago. I link it for you down below. Picture of end may - june:
- Volume is falling. - RSI is not supportive. - $4600 resistance is strong. - Likely to fall in the next days to below $4000 level.
Market overreacted for some reason, and looking at the recent history it never passed that red line. Short in expectation of big correction to come and bring it down to 0.015X range. Monero may be pretentious and dream big, bit it's a niche thing.
If we see the break on 3980 level, the most possible scenario is a fast price fall to the next strong support level, which is 3530$. The second scenario is a break out on 4200$ level and possible double top formation on 4425$, which could be a perfect start of short position.
#Risingwedge #SHORTIT!
XRP BTC is in a longterm down trend/ correction from its incredible run up in the first quarter. It is now a good short opportunity with a stop loss placed just above the resistance level of the channel and your take profit near the support zone. Fibonacci levels also indicated that there has been a retracement of 61.8% and the price is currently at a 50%...
there is a posibility of pullback and then continue the bearish trend
I have been shorting since 2565 if you have seen my previous posting. I am continuing my short until $1760. I have included Some scalping zones, but I am keeping away from the longs. Max leverage on my shorts are 25x when bitcoin hits resistance levels.
1d MACD has us trending down down, we'll see low volume with the US holiday, were in a big ol' pennant that I cant convince myself we'll break out of and depending on what support lines you look at we're already falling out. Combine that with Segwit issues/continuing UASF drama we might see some 1900-2000 action in the coming days. We've been in a huge bull run...
Lot of critic on BTC code tomorrow.....pushing the price down