BTC is ready to flip as halving is nearing, BTC will again shock by liquidating shorts in upcoming days. Hold on spots or low Leveraged longs are expected by the traders.
The price of Bitcoin has entered the 4-hour Imbalance zone, as we warned in all our recent ideas. Consequently, the price has broken above the global descending trendline and moved out of the previous price range. This BTC rally is associated with a significant accumulation of short positions, with the total volume of shorts reaching up to 85% compared to longs....
I have witnessed maximum orders
what psychology says maintain distance from the market
its downward simply now ,
has to cross 27500$ in order to climb upwards
Thanks
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this analysis have been good so far , you guys must have got the result in your wallet support me by liking and sharing my ideas to more audience for more effective work.
btc can reverse its price any moment as the sentiments show greed and temporary fear in the market.
BTC NEXT Projection as per technical analysis
BTC is in range bound from many days and it will continue as per technical and no fundamentals updates yet so its good to Short BTC
QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target
Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it
So, we drew waves after the breakout of head and shoulder
as per textbook ratios the price tend to form accordingly
now price has reached it 3 impulse wave,...
Fundamental Development:-
Why Coinbase is banning slide decks and 'endless meetings'
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Fundamental Development: Cardano (ADA) leads by a wide margin in a Twitter poll by the crypto community on May 18, 2022, getting 82% of votes over three other altcoins.A Twitter user with 26.7k followers ran a poll requesting people to vote for the coin they believe will remain until 2030. Along with ADA, they listed Solana (SOL), Avalanche (AVAX), and Algorand...
Fundamental Development: During a recent event hosted by The Wall Street Journal, Bank of England Jon Cunliffe opined that retail investors do not actually understand cryptocurrencies. He added that cryptocurrency buyers could end up losing all their money since digital assets are highly speculative. The oft-repeated warning is highly relevant in the wake of the...
Hi traders & investors, here's my analysis on BTC which has my bullish bias and a target of 50.5 k which is an untested supply OB, but before that we need to mitigate 41.5k levels to fill the leftover imbalances. Kindly do your own research, this is not a financial advice. Thank you.
btc looks bearish to me higher and lower time frames , btc just created a double top in smaller time frames , like last day
and the whole world news are FUD let's wait and see what's gonna happen
