Fundamentally, after staking and burning was confirmed, this is like a horse. Just know how to run!!
As mentioned in comments of my previous idea, Btc daily chart has formed a rising wedge pattern which usually breaks down. At around 22400ish will be the support level to watch. If that holds on daily the original target of 28850 will be intact. If not, the support of 19150ish may be tested.
Looks like #bitcoin $BTC wanna breakout to 23400. I usually comment on ideas as it goes. So keep watching comments! Happy weekend!
You see, i do not go on MACD OR RSI OR MOVING AVERAGES. I go with money flow. The FIIIs selling and having a short position says it all anyway. You don't have to be a CA or MBA Finance.
Currently it's at the 200 weeks EMA. Let's see if it holds. The next lower level will be around 19000s. The support shown on chart. The 28800 which was support, has now turned into resistance. If, any bounce, it will be limited to that resistance. If it breaks the 200 weeks EMA, that's gonna be the resistance as well.
A big move downwards is on.. may not beleive it.. but u will when you see it.
Then resistance lines above the price are my target steps. If this bounce sustains, we see next target price of 34k (50 period EMA) and/or next resistance line of 35k. Cautiously long!
Nothing much to say hear the title/heading says it all. Don't be happy yet! Continue with your shorts and trail your stop losses. 25000is may see a bounce for around a couple of thousands as was previous supports now turned as resistances. Refer my previous charts. Thank you.
On H1 you see my support at 28850ishwhich is holding strong since few days. Above, you see 200 day EMA is also strongly limiting upside with a strong rejection. At some point shortly, it's either or. Breakout or breakdown. What do you think? Let me know in comments. My bias is for breakdown.
I think you are dreaming. Contd. From heading. Look at the chart and i bet anyone who says that. Do not loose your money. At least 32k is a sure shot!
The sell pressure seem much more than buy. Looks set for 25000ish won't suggest long but short stop short at 43200.. fish, this has ruined my invented pattern lol
Lot of sell pressure. That is all I can say. Earlier, was no influence of institutions. Now that they have, this follows the legacy
Babydoge formed a bullish divergence on daily price chart and MACD. + A weekly trendline bounce will move this to new highs probably will cut 1 zero in near term.
The daily chart structure looks strong to me an impulse wave could take it to the range highs at least. Provided geopolitical situation don't escalate further.
As highlighted in whight tint, looks like iH&S. You know the targets. Watching it to play out. Y'all views appreciated.
As you can see, there are lot many resistances to cross. To be able to cross em all we need a lot of volume. However, from the lows, it seems like a bit up is obvious. Not clear for me though. Overall, this can tempt you, and I bet you will fall for it! Watch 3 day chart!
Ok this has a purpose to post. Got no other option. Stay out of all markets for sometime. Look for something else. Oh no! Not crypto at all!
It's obvious to see this. The levels that I marked on my previous chart, were significant. Now if you see the dashed line of support at 31800 is another important level. Imo that should hold for a little bounce. And if the bounce sustains on weekly, you know what. Happy trading!