SupremeTrader88

SupremeTrader88

BTC at 200 week EMA. We bounced last time from it in 2022 and got 1100% gains.

SupremeTrader88

BTC now time is in close consolidation, as long trigger tren line, then main resistance at level 30500.

SupremeTrader88

Neck as short setup, then at the main support 27k we could see rebound as there is a bid wall

SupremeTrader88

Today 09.05.2022 fear and greed index at 11. The last time we have seen it at 22 jul. 2021 then we got pumped around 130% and hit ATH.

SupremeTrader88

After increase 20%+ it stops and forms consolidation with long trigger as trend line. We possibly could see second increasing wave up

SupremeTrader88

Now we can clearly see that price is getting sold every pump and we should g to the area 36k to collect liqidations and stop losses, then we could see bull reaction and possibly new highs

SupremeTrader88

Now we can see some strong sell that could take BTC at 34-33k zone to collect some SL and also form 2-deep

SupremeTrader88

BTC now time is at the strongest support 33k, if it will bounce from 33k it gonna be a 2-deep

SupremeTrader88

Support as previous resistance, trend line as long set up

SupremeTrader88

Strong trend line as setup to long, but first of all we need strong by volume here

SupremeTrader88

falling price and falling volume means bullish scenario also we have setup as trend line

SupremeTrader88

To avoid the next dump would be good to break the trend line and the main resistance level 38.800 with good impulse

SupremeTrader88

Some of the reasons are the divergence between ricing price and descending volume, aslo we have 2 rejections from trend line

SupremeTrader88

Trendline as long setup, green support as long limits

SupremeTrader88

Now we have clear deep levels to set long limits and form 2-deep

SupremeTrader88

BTC is currently -50% from ATH, Like from the May correction. We have a last support trend line and red resistance trend line

SupremeTrader88

BTC is at support around 41.4k, trend line as long setup.

SupremeTrader88

BTC could rebound from big support 42k. Not financial advice