Vertical Lines: Halving - Black Top - Red Reaccumulating - Green IMO There is a chance BTC bottoms around 24888, But if I was a betting man (and I am) my bet would be 11678 (purple horizontal)
Bitcoin is in a clear downtrend on all timeframes, making lower lows and lower highs. There is massive support, a bullish order block (31600), indicated by the green box. So far it has held, I have counted 5 tests. The bounces from this region (31600) are getting weaker, especially as I consider the last high on 14-17 June (41000) a bull trap. Every time price...
Thank you Elon, we now have an influx of buyers. I believe this has brought the consolidation phase to the end. I have tried to identify future levels of strong buying and selling pressure. Let's see how this plays out. Hope someone finds this helpful. Cheers, Firestorm
Smart money knows when the pumps will happen and unless you have that knowledge you will get burnt. If its a game you want to play, get involved with the pump groups. This graph is my idea of dodge selling pressure, don't take it too seriously. The red line is the ultimate support (the bottom half of the pitchfork means nothing) I've simply tried to illustrate...