BTC has completed the 3 black crows. Also breaking out of the rising bear flag. Macroeconomics: CPI is coming on Wednesday, July 13th, and is expected to be 8.8. EVERYTHING INDICATES THE DOWNFALL OF BTC.
If BTC breaks out of the bear flag and ends up breaking 18.6k support area. We can see a fall..I mean like a waterfall. CPIcoming this week..Looks fishy..fishy in the waterfall.
I'd start selling my Kidney at this point. haha Kinda look possible for some reason but I do really HOPE not. Looks double top, heavy order block..really bearish so far.
oh boy, I ain't gonna say what you wanna hear but what you need to. As simple as that.
If BTC breaks EMA 34 daily and stays up. That's gonna be really bullish !!
Ususaly at the bearish signal BTC drops so, it can be a possibility here as well. :) On daily TF if it breaks and stays above EMA 34 then BTC is gonna be very bullish, check my previous Charts for the context.
EMA 34 as you can see here in pink, is a very important support and resistance. If BTC gets rejected then we're definitely going down. Keep an eye out. Also, in Accumulation and distribution, BTC fakes out just to steal the liquidity of the naive traders.
Plan A is way more likely than plan B. Resistance is strong..trend is bearish!
We're playing the same game rn. Redistribution and then we'll fall back after getting rejected my EMA 34.
Hidden bearish divergence in the 1D TF chart. I'd say, another 70 percent drop wouldn't be out of the question.
This look like a trap. BTC might test 21.7k and then boom back down. Keep an eye out. Best time to learn and understand the market as well as control your emotions when trading. :)
Longs are trapped, time to hammer it down. As you can see hidden convergence aka hidden bearish divergence in the chart. Don't fall for this trap.
Looks like forming a head n shoulder pattern and once it's completed..we can see the breakout (most probably), and then we can short this baby with force.
Powell is clear - Fed is a one-mandate bank at the moment with an unconditional commitment to price stability. Recession or not.
The trend is down..get in once confirmed... a good short position. Remember the Macro is bearish!
Last bear flag worked out to the T. And so much enthusiasm in the market needs to go. Moon boys need to suffer a little... So far Marco is bearish, the chart is bearish and I see no sign of strength weakening to the downside. Hidden bear divergences everywhere. Good luck with your LONGS. Also, remember if I feel like I'm wrong I'll accept and change my approach...
Smell like a bull trap.. Be safe. Macro is still bearish.
Clear rejection from EMA 8. RSI signal is almost there too. Testing the bottom or falling below??