I think we are going to see blood everywhere
Weekly chart is looking very bad
This pullback is long over due, which is a sign of bullishnes, we might be seeing doublt top on 9300 within double bottom of 8700 before testing for 11000
TA and sentiment seems like it's time for reversal, but i got hunch market maker will release black swan soon BTC will drop after reaching 7100 soon
There will be short term spike to 7100 soon, it will be Hour -1 or -2 of EU/East Coast waking hours
4H already peaked, lack of buying pressure, we might be seeing weekend sideways and correction to 6300 should we failed to conquer 7300
This BTC, movement is an eery resemblance to BTC movement in 2014, you can see it's parabolic rising in Q4 and similar pattern playing out on the next year Q1, also the double bottoming RSI too
1D & 1W correction is long overdue but yet to come, market are just too emotional right now, however this 4H correction is just to weak, we still manage above 7000 and it's likely that BTC will hover > 6000 for a while as it is the breakevent point for miners, If BTC failed to drop under 6000 we might be seeing consolidation in the near future
April 1 will be the deadline for Q1 announcement, the set up is ripe with BTC at low point, The Death Cross will be a Take Off, Market Maker still resent CZ for stalling the correction ( Binance Hack + Japanese FSA), but 1 April is coming fast, they either have to jump or be left behind by the train
Market is indecisive right now multiple double top at multiple time scale, will probably need Black Swan, look up for hacking or regulatory news soon
If we dont pass 9000 by Sunday, it will turn into a smaller double top on 9000, which is very possible outcome, 4H is due for correction soo, but 1D is due for reversal,
Daily RSI is overheated, this rebound also lack of volume, it seems that this is just a 4H rebound,I expect to see resitance at 8700 and correction to 8200 in the next 7-8 Hours
Basically they wanted to make a double bottom of which both end is 11K BTC, this is going to be 2014 all over again, they need to squeeze every ounce of hope from market, they will time the news to coincide with weekends so that people dumps their holding. This is predicted from my previous analyses. Lets see, I doubt market marker done with smearing Binance this...
Critical support, if not up then down very very hard BTC price hanging on a thread here, if cloudpierced downward market maker would rather crash the market I've predicted this black swan 7 Hours ago, looking for 8000-8300 range for rebound if BTC drop under cloud
As you can see, theres this spike on QASH chart, which may indicate insider trading, This is related to Japanese FSA threat on Binance, earlier this month Bittrex closed USDT trading for Japanese citizen, We can expect japanese FSA to strong arm Binance dissalow USDT trading pair for Japanese citizen, but its not possible, as unlike bittrex that ttreat USDT as...
BTC Halving will be at the end of this month, but this setup shows that we might be in the course of one last bear trap, I'm not sure what will be the next black swan, but you can guess the severity of the correction by the news, We need to went up beyond 11800 to set up a double bottom, Last year ETH sudden raise was what drawn newbs like me to delve into...
This mini correction is expected as the 4H RSI exhausted, if this is a real recovery we will see reversal around 8750 - 8800, next target will be 9500 is momentum picked up, if not 9350 is the more conservative target. High chance of sharp bounce, Market maker times this so that it will cocincide with week end, if failed to bounce and stays within same price...
THE STARS HAS ALLIGNED !!! Tether back to printing again, everyone is desparate to make BTC bullish (Senate, FSB, G20, China, Korea), this is a very nice setup, next alt season is reminiscence of 2017