BIKESHmsk

BIKESHmsk

Taken a short position, after the market mitigated the 15 minute supply zone, and coming back to mitigate the demand zone below.

BIKESHmsk

Not breaking of Market structure. Still left to see the momentum and the conduct of the market.

BIKESHmsk

DXY index got support, broke down the falling wedge. BTC got weaken, so did all the Altcoins. BTC broke down the rising wedge and lot of big investors taking profit in the top. Hope this trendline support it and broke the previous market structure, (new lower high). Or, waiting for the next support. This level might be retraced many times. So, not just jumping in...

BIKESHmsk

We know DXY is completely in a downtrend. And BTC is moving very very parabolically. DXY is now within the support area, and also the falling wedge is getting out of the room. I think there might be some liquidity grab beneath this support area and the market can move short-term upward or change its momentum. However, my point here is, BTC is going to get a huge...

BIKESHmsk

BTC is respecting the trend line for a long time. There was a breakout, today reaching ATH but it stands out to be a fakeout. A restest to the current strong trend line level, which acted as support holding the previous drop around the 30K area would be great. It could also be that the 32K support area could stand strong as also the trend line will be...

BIKESHmsk

As we can see that RSI indicator is very overbought in the Weekly chart. The two times it did in there, BTC completely got dumped to 3K. Also, The 4-hour chart shows an upper trend line, reflecting the weakening of the uptrend. And, looking at the order book we can see a huge sell order of around 1749 BTC in the area 24K. I think we can see a double top in there...

BIKESHmsk

BTC is in the upper trend line in 4-hour char, which has been respecting for quite a while now. I think this is the time, the rocket high will slowly diminish. Buying the dip is always the best strategy in the crypto market. I think buying the pullback 19000 to 19400 area is the best buy if the market shows some strong rejection towards the downside, forming a...

BIKESHmsk

BTC is trying to make a double top weakening the uptrend on the very strong resistance area. I would suggest being out of the trade for a while, let the market be dropped down completely to some area of confluences, and then wait for the consolidation.

BIKESHmsk

As here we can see that BTC completly crossed the previous strong resistance which acted as support two times. Also, it did not showed any weakness in the fibonacci 61.8 area which can also be called the golden ratio of fibonacci, and headed completly towrds the previous resistance breaking out a upper trend line formation or we can alos call it a break down of...

BIKESHmsk

yeah, double buttom formation is nearly about to happen in that previous support and previous fibonacci golden ration. Just wating for that double buttom to cross the current newly formed resistance and then trade with the breakout pullback.

BIKESHmsk

BTC actually broke the resistance and the fiboanacci levels. Are the bulls really back? I guess it is not a stop loss hunt in here. I think there will be a rejection around previous support level and then we can buy the breakout.

BIKESHmsk

Seems like BTC is respesting the golden ratio of fibonacci and horizontal support line of the region and is about ready to reverse. But, the main point here is which support will handle it the most among the three. I guess, the best time to buy the dip.

BIKESHmsk

I was a fool last time, not to see the rising wedge pattern forming along with two double tops. I was hoping the sell order 200 to 500 usd down below the previous ATH. I did not cancel the trade even after noticing this evering thing.

BIKESHmsk

If you are not scared of the Weekend market, I would say it is completly OK to buy BTC up to 18150 and then wait for the break out.

BIKESHmsk

BTC hit the one of the strongest support from 2018, and the golden fibonacci area but still not showing some weakness of buying momentum. It might be ready to test the resistance of 13K -14K area once again.

BIKESHmsk

Todays analysis is, BTC bouncing off exactly a huge 61.8 golden ration SnR , and past support from 2018. I think it is catching up the upward momentum again, and also might be testint the 19.4K level or infact breaking it. My opinion in here is long the position, with more confirmation of bullish candles.

BIKESHmsk

Pretty much sure, btc will be closed above 61 fibonacci leel golden ratio.

BIKESHmsk

Testing the fibonacci level. I think this fibonacci cannot hold the market momentum. The market is going to fall further down and test the support of 17K. Best time to buy the dip.