stefpeev

stefpeev

We had a good run. BTC is due a correction. Weekly RSI is Overbought. Trendlines match fibonacci zones. Overall fundamentals seem good longterm, but market needs a reset. Many shorts to be liquidated in 115-117k , more than a billion dollars. A billion dollars worth of longs to be liquidated at 97k. Betting on fake pump,majorly overbought daily RSI, liquidate...

stefpeev

This seems to be bulltrap, everyone believing the bottom is in, while we havent even made a simple retest. The aggresive nature of this pump shows it might be a squeeze. Seriously overbought on the RSI, approaching 127 Fibonacci targets from the lows and a .61 retrace from the top, crossing into a zone that also aligns with a major resistance. Which would...

stefpeev

If we close bellow this trendline by the end of the weekend, expect a strong correction to 72-65K. Alts will drop 40-60% if that happens.

stefpeev Updated 

So trouble it is... I had two options about how it would go it seems it picked the bear one. I believe at 50k there is a trendline to be respected and a huge liquidation zone. I believe a downside to the 50k region is coming from where it will go into full bull mode. Alts with drop alot also 30-50% more.

stefpeev Updated 

In my previous idea I explained my reasoning for this. Now I am showing short term expectations. Bitcoin is still behaving as expected.

stefpeev

So bitcoin has been holding up pretty good and following along my chart. This is the first time that he deviates frow whats expected a lot. We hit 66k and BTW broke its uptrend. If by the end of today we dont close above 69k the trend brake will be viable on the daily and that could be a warning sign of further downside to the liquidity zones of around 61k and...

stefpeev Updated 

Long time in this market, since 2017. First chart I do.Just what makes sense to me, feel free to share your thoughts. Historically, the second part of the halving bull cycle is always the bigger one. This chart covers the first part of it mostly. I believe we will see small correction, rise up riding the halving high to 75-85k, then have a good correction to the...