Here again with an update on the status of BTC and Shib alike - currently BTC is still in crash mode - however both have reached these respective low points on the day chart and are prepping for a rise - possible 65k BTC possible 0.00002300 or more shib.
HOWEVER!
There is a major issue at this time.
The day chart is not the bigger player here as to the reason for the crashing, on this chart I also included the status of the weekly and monthly charts which both are currently in a complete downtrend status. the Monthly is on it way to rolling over towards a net lost for traders.
Advise would be for those already at 70k BTC, or 0.00004000 shib to hold and wait for the recovery in a few months time if at all. As yet again the Federal reserve members are back and are talking about price hikes. Which will greatly reduce the chances of a return to the 70k BTC - 4000 shib. We'll have to wait and see how this plays out.
Buy sell or hold that is your call, I'm just trying to help those who are new to the crypto market.
BTC - DAY CHART peak low reached. possible buy in, extremely high risk.
Here is an UPDATE on BTC and Shibs condition - a possible heavy crash to the 60k to 55k or lower on BTC - 0.00001500 to 0.00001200 on shib.
This may result in the 24 hour chart to remain on red leading further down the pipeline into a bear market if the price continues to close on lows of 62k or less for BTC or .00001900 for shib. We would need to close higher on those market prices to prevent a complete lost of resistance heading back toward the 50k/.00001200 range.
Likelihood a price correction is on it's way it will be fast and unforgiving when it comes to price action lost.
Leading the 24 hour chart on red heading to a white line indication of heavy sell-offs for both markets. this would mean we are headed to the 40k BTC and 0.00000900 or less Shib if we don't start closing high sooner than later.
My contact did an update on the status of BTC and where it might be headed, because he doesn't like to post on BTC I'll tell you what he said:
You can downvote or upvote the man trying to help us out with some good news people want to see some strategy so here you go folks.
"We won't truly know until Monday closing for this chart on the top panel to change colors from red to blue or gold.
The red means downtrends with lack of resistance - where as the blue means there's a downtrend but resistance is present, and gold is just bulls filling in the buy order.
At the moment were in a shorters market heading into a bear market by April 27 until June if it remains red falling into the 40 - 30k and if it turns white we will be heading to the 20k but is highly unlikely to happen with the halving event.
However; if it changes from red to blue due to high closings then it will likely start a new bull run come May 3rd, regardless we are in an unavoidable crash that has the chance to recover at any of these points of entry. It all depends on what happens in the top panel on my modified 24 hour chart.
At this point and time I say we stay the course for the 50k running up to the 100k in June."
BTC holders are rushing on a mass sell off due to the news of a situation over in Iran.
If that red line on the top panel of the 24 hour chart fails to turn blue but remains red this will be a drop to the 1200 or less, resistance is fighting the sell-off but it may not hold.
Potential stopping area and recovery for Shib.
1500 or less on monday 4/15/2023
Potential to fall to 900 due to Iranian issue.
We will see the next steps come monday when the market reopens if Shib and BTC will push further down.