Developing As posted earlier The Downtrend of Falling price Becomes Faster. The Descending Trendline Becomes Steeper
Sometimes the Fateful Watershed-Momenet IS CLEARLY VISIBLE. Well, such moment is Now - the RATE OF Price FAll of Bitcoin becomes Faster. The DEcline of the Trendline Visibly STEEPER
Strong Rejection from the Upper Resistance trendline Reconfirms DEscending Downtrend of Bitcoi/usdt. Projected Support Intersection at 7,500. Fundamental conditions are the root causes of the continuing bitcoin plunge 1 FED Rate Hikes cause strong Risk aversion of Institutionals and Investors, and rotation into Dollar Cash. 2 Continuing wave of BAnkrupcies of...
DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND. This week Rates will be HIKED by the FED again .... Act Accordingly Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets. The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for...
Last Time The National Home Builders Index Dropped repeatedly - The 2008 Market CRASH and Deep Recession happened right after. And Now It has Dropped Sharpest in its History. The Canary is the Builder sentiment - Dropped to 55, a drop of 12 points. This is the largest single-month drop ever, with one exception. The exception being April 2020. As you may recall,...
A central principle of analysis of Price Action Patterns is that the often do the same patterns repeatedly. Will it rhime this time ?
Always the SAME CHOICE REALITY or ILLUSION ? TRUTH or LIES ? RED PILL or Blue ?....
The White ascending line IS AN ILLUSION Illusion that is very PROFITABLE FOR MARKET_MAKERS and PONZI OWNERS So Today THEY PUMPED and DUMPED and PUMPED again - JUST TRYING SO HARD TO KEEP THE " MATRIX " PRICE of Bitcoin from being seen for what it REALLY IS. These Hard Pump and Dump are only PROOF OF CONTINUING CRASH - and continuing Illusion Making By the...
The same choice - between TRUTH and LIE Between REALITY and Illusion ... ALWAYS THE SAME CHOICE .
The Bitcoin Price Action is confirming UNRELENTING DROPPING TREND. Even the a ARTIFICIAL Pumping up on Saturday cannot change the DELEVERAGING PROCESS. The Institutionals are DELEVERAGING in RAPID sequence of LARGE SELLOFFS. All the rest are FORCED TO SELL by these Institutional sellofs - in particular, THE MINERS are DUMPING their product, before it...
SIMPLEST GREAT TRADE SETUP Between TWO weekly Support levels STRONGEST DOWNTREND EXISTS FOR 11 WEEKS by now Between the Curren Support and the NEAREST NEXT WEEKLY support - nice 930 $ Profit
A well confirmed DESCENDING CHANNEL is continuing consistently on the 1 hour , as well as on the 4 Hour TF-s. As the price HAS BEEN REJECTED on the upper Resistance trendline , the price proceeds to the LOWER Support Trendline. The Closest Intersection with the Lower Trendline will be at about 18,675 and lower price.
Powerful Pin-bar Shooting Star. Price Below The Ichimoku Cloud - Tested Return To Cloud And Was Rejected. A Veritable Forest Of Long Upper Wicks. Bear. Drop Of Price Imminent.
THE TREND IS YOUR FRIEND - THE FIRST GOLDEN RULE AT THE FOUNDATION OF TECHNICAL ANALYSIS. A Multi Month parallel channel from December 2021 is PERFECTLY confirmed by Price Action; The NEXT INTERSECTION with The Lower Support Trendline Is IN THE PRICE CENTERED ON 5,100 dollar per Bitcoin. In full agreement with the previous bottom at 3500 ADJUSTED for...
Long term descending channel The next intersection with the lower line of the channel is shown
A day-long very methodical oscillations have built a strong wedge - AND IT HAS JUST BEEN BROKEN ON THE LOWER SUPPORT. LONG AND STRONG DROP IN PRICE HAS JUST BEGUN
A BEAUTIFUL, CLASSICAL Double Top in BTCUSD - thsi is a STRONG Bearish formation has been completed on 4 H and 8 H time frames. As the Markets of Nasdaq and S&P will continue the fall today - a VERY GOOD OPPORTUNITY for SHORTING bItcoin TODAY.
Gentlemen - THIS IS serious. The major lower Supporting trendline has been crossed down by BTC. As well as final Departure lower from a 240 hours MA. Next support - possibly 20,000 $ As the famous song on Jericho walls "and the Walls came TUMBLING DOWN"