Made this chart for fun after it broke the wedge hours ago. Seems like it playing out....Let’s see how low it can go. Don’t forget CME futures expires this week. Stay safe.
BTC momentum has been going down for a while. With the halving complete, 3 tests of the $10k(which didn’t hold) and low volume...it’s pretty hard to be bullish here (short term) Rsi showing divergence and the weekly close might tap the $8800 mark again. BUT there was a $100 mill tether mint, so we MIGHT get another pump, unless it’s used for shorting. Let’s see...
Dow is the red...let’s see if BTC is still correlated. Still on the uptrend but with decreasing volume..halving hype over...rejected at 3 year resistance line..we might be in for a slow grind down. We might get a wick back up to the $9200 but it looks weak now. Trade safe peeps
Let’s see how this plays out. Now the halving is over and the hype has some what calmed down...seems like we might have a decent shot at TA. Not a huge fan of fractals but this one really stood out to me. Daily trend is broken..RSI still in the neutral zone so it can move either way. If BTC tests the $7700 region I think XRP will be in the .15-.16 area. Trade safe.
FINALLY....the halving is over. I feel like we can get back to the basics now. Credit to “glorytogod” for pointing out this frac. (See chart) The hype is over, we’ve been on an uptrend for a while, institutional money wouldn’t want to get in at the top range of the year...seems like a good time for the bears to take over. Target is still $7700-$7800 range. I say...
Just a hunch....I don’t think miners are done taking profits...about 8 hours left until the halving. Think we might be visiting $7800 soon and probably back to our $6666 support lol. Stay safe everyone and enjoy the ride.
Looks like a bear flag forming on the 1 hour.(see chart)As I stated in my previous post..I closed 75% of my positions into USDT. I had a feeling the miners dump was coming. Currently I haven’t entered anything. Going to wait this out until after the halving..just in case they try to pull any fuckery. Let’s see how this plays out. Stay safe
Halving is about 2 days and 12 hours away. Currently closing most of my BTC and spot positions into USDT(75-25) Fuckery has been really strong the past month or so and it’s really up to the whales + exchanges now. Post halving dump like the past, sell the news, or is this a new ERA?? Stay safe everyone
BTC is looking primed to hit that $10k mark. Majors are at a standstill...BTC pairing longs getting sold off. Dominance is at 67.5%...Halving is 4 days away..CME futures interest really high. $10,400 range is what I’m thinking is the top. Let’s see how this plays out. Stay safe.
Let’s see how this plays out. Fractals are a hit or miss IMO.....There’s definitely a move coming. Unless we get another tether mint in the next couple of hours, then we are going up. Halving is 6-7 days away
BTC looks like it’s respecting the 4hr pennant here. $8550-$8600 seems like a strong support (2nd test) DOW futures looks like it’s in the red..halving is about 7-8 days away...Lots of negative reports coming out in the US markets..Possible US/China Tariff’s. Get ready for a crazy ride. Stay safe
BTC has been doing amazing lately...FOMO or Tether minting..Either way the price action is 2017 vibes. Still on an uptrend and CME gap is still open. I think we might get one more push to $9200, followed by a correction. Stay safe ppl
After yesterday’s drop BTC found some good support in the $6800 range. Looks like we might get a small pump in the next couple of hours. But with the DOW being in the red, I expect this to be short lived. If we lose the $6800 support, can could be back at our favorite support of $6666. Trade safe and set stops
DOW futures is moving up and in the green. BTC is pretty choppy at the moment. We might get a test of $7090 followed by a decline down to $6500 region. Unless Shitmex pulls something and we just bust through the resistance lines. Trade safe
Volume is declining...Weekends are usually more of a sideways type of movement but this time it seems a bit toward the downward side. Looks like if we go lower we might see $6600-$6300-$6100. All strong supports from the previous week. Unless we hit $6666 again LOL. Stay safe
Possible H&D forming...DOW has been doing good today...Equites recovering....We had a decent correction yesterday..BTC needs to bust through the red horizontal line and we might get some good price action. I’m still bearish but I think I need to shake it out. Is it a buy the dip until halving?? Stay safe and set stops.
I’m still bearish on BTC..broke down on the 1hr..price rising on low volume...3 large options set to expire at 04-06 8am UTC. $6750/$6625/$6500 Weird how the price stayed above $6750 for a while. Let’s see how this plays out. Shitmex May still be doing their scam wicks. So stay safe
