If you're my follower you already know that I had predicted this move way back on dec 15. The size of the moves wasn't exactly what I expected but it was close. I am expecting a daily close above or close to the horizontal support line I shared above. Will btc break the support and go lower? No guarantee because the reason for the dump is fundamental. Omicron fud...
Bitcoin broke all support levels and is currently at 47k. I am expecting to repeat the pattern of may-July before it starts moving up. Whether it will take the same amount of time or not can't be said. But in any scenario I expect bitcoin to pump in waves like you can see from the chart. Again, there's no guarantee that it will test the same resistances as shown...
Bitcoin has been dumping since a few weeks now but the dump is not over yet. I'm expecting btc to bottom at 49.7-49.2k range. This can happen today, or within the next 7-10 days. Do not open any longs. Market is good for shorting. Dump is inevitable. Note: This is not financial advice. Your money - your loss. See my bio and follow me for more such analysis,...
Chart formed the classic bart pattern we always see in btc. 58-59.7k is a zone of heavy resistance where we may see a pullback. Price can retrace to 56-55k. Dont do futures. Only spot.
Bitcoin found strong support at 55.6k and bounced from there. It is forming a double bottom and can move higher to 64k if it breaks 59830. It is a good time to long BTC. Stay careful with alts and only trade them with an event-based strategy. LONG BTC 5X Leverage Enter: 60250 TP: 63510 SL: 57162 The call is only an idea and not financial advice. Trade at your own...
Bitcoin dumped hard because of Infrastructure bill, ethereum foundation selloff and china fud. The volume was weak since a few days and the pullback which was around the corner finally came. Btc has found support at the conflux of a major support level and the 50-period Moving Average. I expect it to go lower to 100-period EMA and the next support level at 56200...