I have an active short trade, and I'm tracking it so far... I feel it will go down till the area of support marked but anything can happen... it's crypto, if anything I'll move SL to break even if it goes down a bit more.
there is a chance that BTC liquidated all buyers before raise and hit 25k zone.
if btc decided to not break the highs, I think it will go down to 22k to retest there
Bitcoin has formed a double top formation on a 1W time frame, potentially breaking 200D SMA and falling through the gap on VPVR on the right to the first serious support in orders history. The price target is 17450, which means a retest of a 17500 round price resistance. Waves have shown a local top, and the aggression of selling is now below zero. Of course,...
We have already broken rising trends and channels in a short time range. It seems to have strengthened the effect of MR.Powell's explanations in the fundemental analysis section in the fundemental analysis section, which we have been exposed to in recent weeks and the negative incompatibility of the daily period and the price of the daily period and the relative...
Simple third test of the bearish trend line mixed with long term bullish trend line......looks like 8k is on the cards to me.
After a review of my prior analysis, bitcoin could be in the final 5 wave structure. Locally could have completed a 2 of 5 of a higher degree 5th. Happy to be wrong but there appears to be some signs of strength for another push.
Fullly aware that crypto market is in the dirt right now. Common sense is that even with a larger 1 trillion market cap price is still falling. which means all previous price data is inaccurate representation of its true value. aka a bubble. this leads to new price discovery around the 10k mark. when price gets below 15k we will see a massive pull out of retail...
We are completing a HS pattern, and as we do so we are potentially forming the right shoulder of a much larger pattern. A fractal within a fractal if you will. I think we will go find that 200ema below but not sure the bounce will be great or bullish. I am thinking most all markets are a bit wrecked. Time will tell. Not financial advice, DYOR.
Render did NOT have a hard rejection at $2. But also did not have overwhelming excitement in buying. Be careful how it plays out from here. I posted two possible scenarios. Take profits at fibs. These are just MY IDEAS that I am sharing. Happy trading.
Becare Bulls, could be a reversal pattern on the daily here.
₿ Bitcoin Moment Before Fall ₿ Nearest strong support zone: around the 0.236 level of the upward wave. ₿ Nearest strong resistance zone: around recent highs. ₿ Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Uptrend ₿ Price action: Bitcoin over the past few days has no desire to continue the uptrend, exactly as I wrote in the...
The asset grew strongly in volume. We observe a large shadow in the area of the round number - $ 0.37, which indicates the strength of sellers in this place. In history, this level worked well. I expect a rebound from the level and movement to the area of the voluminous level of POC - 0.35$
The price after a strong fall went for correction. For a long time it was traded in the sideways. The market is extremely negative. Volumes are reduced. Once again approached the level of 33.28 $. I expect a breakout and a movement below. The first goal is a local minimum of $ 32.66
#BTC #Bitcoin $BTC #Harmonic -Deep Crab 🦀 - The Descending Triangle - Demand Zone = Easy money ⏳
Through out this week i have shared my opinions and price prediction till this day. And happily all my predictions were right. Now i will be waiting for another little drop to 0.37-72-74 . Then I believe so we will slowly start making our way up to 0.39
If $XRP cant hold this area. It is time to short, if have not already. It is in a bear flag, once broken it will break down. Once it starts to break down it is dropping through a fib and the 200 ema on 30 mins.
The pain continues, 12k will be the bounce to look at. Consolidation will take place before any legitimate turns towards the moon.