ergash1982

ergash1982

both trend lines broken again, the previous trend line and new trend line, as predicted head and shoulders forming, might drop to 40k-44k if it forms and maybe lower if it doesnt hold not financial advice good luck

ergash1982 Updated 

possible Head and Shoulders short position risk reward ratio 10.70 not financial advice good luck and becareful

ergash1982

my opinion is btc going down after fed announcement in 4 hours. as you can see in the chart this is accumulation to go down. technicals going higher with out price moving higher see previous idea entry 47500 SL 48600 target 1 42500 target 2 36600 target 3 33500 not financial advice

ergash1982

up trend broken my idea it will go to supply zone at 36k or to the big up trend line at 33500 thats if it doesnt take 48k by day close candle not financial advice

ergash1982

still has a lot of room to go down, will probably go down in order to break major resistance at 48k-50k rsi still overbought and doesnt have enough strength to go up still doing lower lows and lower highs target 40-41k to next support not financial advice

ergash1982 Updated 

Once the US stock markets opened and falling down, btc started falling in that second as well, stock markets were in their ath, now they have bad news and going into correction, I think btc will follow, will take some time until they turn up

ergash1982 Updated 

btc can not break 46500 resistance, my predictions it might drop to 0.5 Fibonacci support of the rise. a lot of sell presure. been watching these days of the holdings, most positions are dropping, which is not good sign if it doesnt break resistance now, then it will go down not financial advice

ergash1982

it needs to hit 44k rising trend line and continue its rise, if 44k is lost then we can see 37k or worst case scenario the trend will repeat like in other years and fall below 29k all this rising was strange, no volume ut going up. bears can take control from here as they have good distance to go and gain more money not financial advice

ergash1982 Updated 

rsi in extremes indicators in extremes. something interesting is happening adressess holding 1000-10000 bitcoins reduced in holdings smaller addresses increasing but not much, volume falling maybe a trap is being prepared, the question is when it will happen be careful, good luck taking profits not financial advice

ergash1982 Updated 

on the chart in circles. the correction we had didnt help to gain strength rsi very high, macd higher, steam roller shows same level as last attempt to gain 47k. suspecting a drop, need bigger correction to go higher last rally was made manualy by switching off spot trades, so price went higher thats my analysis, trade safe good luck not financial advice

ergash1982

possible pattern to repeat of 2019 relief rally. same horizontal consolidation below, huge rally afterwards, crossing 200 MA and the falling below 200 MA and going even lower then the lows made before also same patterns can be found in 2018 and 2014 after big rallies the crash and after consolidation and lows, and then this pattern comes in horizontal...

ergash1982 Updated 

Dont get too excited about a rise, correction is not done yet, use higher time frames to see the trend so far every support has been broken. now its cooling of to make further moves down waiting for 42 support, if it breaks or if it doesnt spring up from second try then will be waiting 40k support (best is 40k it will have more strength to break out of 47k, like...

ergash1982

Don't get excited yet, so far it has not tested any support, so far everything was broken down, waiting for 42k support in order to get little strength to break out of 47k, support at 40k is better, should have more momentum from there to break strong resistance upwards. Same as 42k breakout happened. Whales still closing positions and taking profits, they need...

ergash1982

cryptobriefing.com looks like whales are taking profits in order to buy btc lower and gain more profits, 40 000 btc sold from adresses 100-10000 btc, while the price is steady at this level. then i believe big correction is coming once they finish booking profits as we know market is moving by futures accounts and not spot this days. so probability of whales...

ergash1982

going down to 40k to fib levels for support might even crash lower if it breaks the support might see 30s again this month long positions fell from 54k to 42k in couple of days, people booking profits, if this continues could flash crash down even below 30s

ergash1982 Updated 

short area follow the arrows stop loss 50k if it breaks could reach 48-49k, but we have divergencies showing up, and need corrrection to cool off not financial advice, do your own research also

ergash1982

infrastructure bill went through in US. needed funds to be taken from different areas plus taxation from crypto market. catalyst for correction. not financial advice

ergash1982

very upsetting news but the tax bill will go through, they need those tax money so there not gonna look at anybody. bitcoin and crypto world going down, cause once USA passes the bill, rest of the world will follow, the end taking profits and going to sidelines until bill passes through not financial advice, trade safely