BITCOIN WHAT IS LEFT OF IT NOW

Aug 18

Not much to say here other than (first and most important point) BTCUSDT is still bullish. Yes the bull run is not over yet but do not expect some ridiculous target. The most considerable target is between 80 - 90k while the extreme for me is within 91 - 120k.

Look at the RSI and you will fins some similarity where the previous double top printed a strong bearish divergence on the RSI at the overbought region and we are having the same thing happening now with the RSI at the overbought region waiting to test it again for the second time.

Look at the chart on the monthly timeframe and tell me what yo see. Overbought right? coupled with a strong bearish divergence. Yes that is your clue right there.

Short to mid term Bitcoin is bullish but on the long run it is bearish showing signs of exhaustion.



While I was away, I have been studying and improving my TECHNICAL ANALYSIS PROWESS. You will be seeing yet another improved and advance analysis from Dewy Candles.

That being said many calls went under like I predicted. In fact many nuked beyond my expectation but it is all good. I will be updating everything gradually with more clarity but I can assure you, don't expect to be spoon-feed, you still have to figure out some on your own to level up.

PEPEUSDT indeed reached that level (see pepe analysis on my page). those who FOMOed in at the top when I keep telling you it will go further down must have been under water now.

One of the good news I'll be bringing to you henceforth is to be as calm as a still water. If you follow along and also put in the time to study the chart, you will become an ELITE in this market. You won't be chasing price, you will learn to wait for price to come to you. Another thing is high RISK REWARD RATIO RRR. Losses are inevitable but what matters is that you gain exponentially compared to what you lose and the best way to get that is learning to wait for price to come to you, learning to lay low on the HIGH GROUND getting price at discount or premium discount to sell in good profit.

Another important thing to note is that you need to wipe your head off of those insane and ridiculous TARGETS. You don't want to be MOONBOYS or play it like the herd, you want to play it like the master of the game.


OTHER ANALYSIS

FTMUSDT

AZEROUSDT

PEPEUSDT

FLOKIUSDT

PEOPLEUSDT