My new Bitcoin pattern which will maybe play out. But not sure. It tends to move out of line. But 29k is coming after a retest at 38.8k. Bye bull run
Bitcoin broke down from key support. Next target for Bitcoin is 29k. Imagine all the gains from the Altcoins being taken away. Like Netflix, went straight to 2020 Covid low. LOL Altcoins will return to its real value many of which are literally 0. Bye bye Bullrun 2019-2022.
Bull calls for 100k Bear calls for 0 But reality Bitcoin moving in waves. Better to be realistic than hopium for bear or bull. Ride the waves.
People are expecting the Accumulation like May-August 2021. But this time we see the different between Wykoff Accumulation and Wykoff Redistribution. - UTAD: this time Bitcoin has made an UTAD outside of trading range - We are currently at Last Point of Supply (LPSY). - Not much of new stablecoins being minted. - Macroeconomic looks horrible: hike rates, stock...
Red flags: 1. EMA 20 and 50 daily cross being broken down. Now turn into resistance. 2. This time the pattern seem to support redistribution than accumulation.
Stock market looks shittyyy Bitcoin looks shittyyy We will see $0.65 AUDIO again soon
Bitcoin once again shaken out all the FOMOers in Altcoins. While people picking up the great Altcoin but without Bitcoin they are just trashes and promises. ONE gets really ugly recently and if it does not break up from of this descending triangle. We will see ONE drops to the April 2021's Low. Except Bitcoin, all of the Altcoin are highly overvalued. Maybe...
The sentiment is so different now. The bubble started to burst in stock market, real estate. Bitcoin was designed to help people escape from the fiat system aka slavery system. Bitcoin became the legal tender in Central African Republic. Spot ETF was approved in Australia. ... Many good news but Bitcoin price is still trending down. This is proof the news does not...
The stock market is at the verge of crash. Another man-made crisis has been leading us the biggest bubble since 2008-2009. Housing bubble. Stock bubble. Central bank is turning off printing cash machines. Satoshi Nakamoto has foreseen this crisis and the birth of Bitcoin happened. However, we are at the junction of either Bitcoin decouple from stock market and...
2 times Bitcoin reach this lower level we have seen great retail buying the dip. Proof: huge wick upward. Not this time: retailers getting tired of buying the dip, some of them get out of the market. Selling at loss and whales are happy buying the bottom. Even better game, shorts are piling up like mods towards flames. Bitcoin breaks support, they confidently go...
Due to the tight relationship between stock market and Bitcoin, we will see market perform really weak. Housing bubble is ready to burst. FED will be pressured to control inflation. Stock sells off. Personally, I think we will see the ugly like 2008-2009 crisis but this time we have Bitcoin. The world finance once again will be collapsed. From the ashes, Bitcoin...
1. Bear term: We break down from the current trendline. 2. Possible play. Break out retest and then shoot up. 3. How Audius likely to move like previous one. Very strong. CZ_Binance shilling the Web3.0 narrative, we may see this type of move soon. NFA
This is a relief rally for Bitcoin. I believe it will retest the trendline at 42.8k but then finish with 5th waves down to 37k. Market moves in waves. Not straight up nor straight down. So plan accordingly.
Stock market looks ugly. Bitcoin break down from a triangle. Target 37k. However, Bitcoin tends to trap bears and bulls. Now shorts are more confident to put liquidity on the market. Whales will take them. Hence 10% chance this is just a fakeout to the downside. NFA
First bull flag played out well. But this time, many bull will be trapped like bear did. They gained a bit from the first bull flag broke out. Now they will be more confident to long the market. As I have been observing second bull flag tends to break down. In another scenario, people are still in Fear, Bear is still in disbelief and wants to revenge trade. They...
After finding support at $0.11 It now breaks out. Target for profit as in the chart. NFA
It is crazy how all the gain from Filcoin since beginning of 2021 has been wiped out. The price reset to the lowest possible. Whales have completely shaken out all the FOMO. The big buy volume here is a proof that they are gonna get the FOMO retailers once again. Filecoin is Web 3.0 narrative which CZ_Binance has mentioned recently. The Defi narrative is dying now...
1. Leading phase. 2. Bump 3. Retest and Run. Let's see.