0.61 fib and 4 hour 200 ema acting as resistance. Expecting some pull back and potentially even another dump. We still have Iran retaliation looming over the markets. This was a hot pump. Well what goes up usually has to come down. Expect hot doodoo to fall on the bulls heads. Target- 52k
Continuation of my previous idea. We can take a short here. At key fib level. I shorted at 56k and added at 57k. Rising wedge +hidden bear on 30 min/1 hr time. First target 51500 for high low second target 45-48k for lower low. The price is barely crawling up. Looking to be flushed out. Stop loss 58200.
Bulls will defend 49k with ferocity. Assuming no black swan we can retrace to 55k and drop to 45k. Blackrock and cult wants to buy in the 40k range. But they won't be able to hold it down for long. We can begin building a long position in this range.
This continues my previous idea of the short from 68-69k with a target of 60k. The target has been almost hit. The hidden bearish divergence on the daily time frame has played out perfectly. However, I initially only anticipated the move down to 60k with some wicks into the 50s. Now, the situation has drastically changed with the escalation in the Middle East....
Short target to 60k. We are near the top of our monthly range with a downward slope. Potential bull flag but this short/medium term idea is pointing to a move to the downside of the flag. I spotted a hidden bearish divergence on the 1 day chart. If the bulls fail to break 68400 decisively the divergence is confirmed. Don't use too much leverage. Always have a HODL...
A lot of people got excited about the PA yesterday seemingly breaking out of the falling wedge structure to the upside. There was a lot of euphoric hysteria. However it was a false break, and there were were multiple bearish divergences forming on the 15/30/1 hour time frames that reflected it as such. Price has been rejected and I expect BTC to fall to 55k and...
This is my first publication so I am trying to have a little fun with it. As you can see we are in a downtrend. This downward channel is dominated by lower highs. Our volume is currently lower compared to when the price was previously in the 60,000s. I believe we will continue to come down further to potentially 52k. However a reversal in the mid 50s is not...