It’s good to see bitcoin creating a higher low for the first time in months but things still aren’t looking all too good. If bitcoin retests the .382 fib (9,500) and we break below I’d like to see the 200 MA (7,200) move up to meet us at or around the bottom of this trend line.
Luckily I had time to enter a small short at 10,100. Im now looking to see if we hold a higher low here and create a double bottom. Let me check fibs and other indicators.
Binance completely avoided all the price action of yesterday during their update. As soon as they came back on we had a relief rally back up to 10K Mighty fishy CZ. I heard something about a crypto scam dumping thousands of bitcoin on the market, could be a reason for such a large sell off but it’s never safe to assume. Always trust the TA!
Bitcoin has just purged through the fib level of support at around 9,850. The bottom trend line is the last stand for bulls to hold here, or things could continue to get ugly. Having to use bybit because binance is updating. Didn’t even realize until I saw bitcoin sitting at 10,094 for like an hour straight. Currently entered a long and will look to continue to...
This would honestly be a blessing in disguise, but a heart break for many a moonboy. Bitcoin is still sliding down, looking for a bounce at the 9,850 level for a test of the fib and trend line Optimistic target of 17,000’s (bulls willing) It is interesting to see ETH so low on its fib levels from a macro perspective. Holding currently just above the...
Volume is low. ETH has many bearish signs adding up. Bitcoin may not play nice these next few hours. A break below $200 could set the trend for a few weeks
Bitcoin looks ready for a dump. We’ve now seen continued selling pressure through the last several hours support of the 50 MA broken at 10,900 Look at the 0.382 fib at 9,850 for a potential bullish bounce. Lots of confluence, however if broken we could have several days of downward momentum