DoNotTrustMe

BTC movement in continuation to update dated 21 Sep 2021

Short
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT

Time frame- 4H
Exchange- Binance
Coin- BTCUSDTPERP


Chart includes the following Indicators

1. My own Custom Indicator - "Raptor Super Indicator"

As per the above indicator composition:
The current price level is already below EMA-13, EMA-21 & EMA-200 => Highly Bearish
The current Parabolic Support and Resistance levels shows downward movement => Bearish

2. Yellow thick trendlines shows a breakout from the downtrend of yesterday, now moving sideways in a range bound manner as depicted in a Rectangular region. => still bearish as in downtrend movement.

3. Gann Fan Indicator Support area in which the current candles lies - at support of (line 8/1)
=> In negtive zone(bearish), if it's price breaks this Gann Fan support Line price along the move, then BTC will enter in a Highly Bearish zone that is below line 8/1 and can further go down till the price Support level S2- $36192 as shown in the chart by PIVOT indicator (Horizontal Support and Resistance Lines)

4. Fibonacci Retracement Indicator: The last Price support level - $ 37291. The current movement shows that the Bitcoin price might come to this level, if not may be retraces back upward from - $ 37500.

My overall Technical Analysis says highly bearish, I may be wrong, but it may have a chance to go upward from current Gann support line otherwise doom is here tonight. We know the expected scenarios, now just have to be safe in this dump if it comes.

Not a financial advice. Do your own research before investing. Do not trust me as the username says.

Cheers and Happy Trading Fellas....

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