Its doing the same patterns over and over again. In small timeframes and bigger timeframes.. Its not a science!
Seems like SP500 is printing a bullish inverse H&S pattern. Good sign for Stocks, bad for DXY.
BTC is dancing with this dashed line since ~1 year now.. Lets grap it some more liquidity before it goes deeper. Weekly and monthly indicators are turning bearish.
The monthly MRM cross is telling me that the next coming weeks will be very bearish . There will be mini pumps here and there, but the trend is DOWN ! Let it push one more time into the 30k zone, but that will be it until Q4 2023.
Thats what I see for BTC in the near future. Two bullish patterns, the price targets and dates may vary, but that doenst matter. Keep an eye on this chart if you want! Have a nice weekend.
Hype got created by Blackrock news. Many retailers bought now, but thats too late. A corrective move will come sooner or later. Never buy good news. Buy bad news.
What do you think will be the bad news in late 2023 about crypto, like FTX last year? Blackrock ETF gets rejected? Binance will crash? Hmm.. Long term indicators are turning bullish long view, but BTC needs this double bottom. Just hodl.
Tell me what you think about this idea. I dont trust this pump at all.
Same degrees, same fib, around the same time. Share this with your friends. #antimoon #bearmarketsincenovember2021
Right now the sentiment in the market is really bearish, but theres still coming liquidity into the market which could mean that the market makers arent finished yet. If you shorted in these zones I would be careful, the market makers could hunt the stop losses in these zones, because it was too obvious that BTC would go down a bit from there. The 4H indicators...
Everything you need to know about this idea is in the chart. I'm not saying that it will happen like that, but if I were a market maker, I would do it this way. Also notice that the sh*tcoins are pushing at the moment, like Shib.. that means we are near the top end of BTC. Good luck.
To me its obvious that BTC is done. It needs to go down from here soon. I'm thinking of a fakeout up to 31500. Then it will fall hard. ABC corrective move is done. If it breaky through the main support channel, its over 100%.
BTC is simply building the right shoulder now. Check out the ideas below for more information.
Will BTC see the 100k? Yes. When? Probably in Q4 2025. Stay tuned, the money printers will get started soon..
I hope you followed my previous ideas about BTC, so you didnt buy at the top. Patience is key, sit back and relax for the rest of the year. Our time will come!
Market Makers giving you the last nice chance to short BTC here. Take it. Have a nice week.