monish_8

monish_8

As the crypto market continues to recover, altcoins are growing. Luna gave a breakout at 1h tf

monish_8

As btc fot rejected by the supply zone, it fell and made a retracement in the form of the bearish flag. The breakdown of the bearish flag confirmed downwards momentum. Btc is going to fall further down.

monish_8

As btc was near the supply zone it got regected by the poc and it is returning. The rejection was very strong and now that the supply zone is tested i think btc can continue to move down.

monish_8

Btc is in a upward channel righr now. This is a retracement after the bear rally. A breakdown of this channel can continue the downfall further upto 32k.

monish_8

With the whole crypto market in a blood bath, luna has broken out of the head and shoulders pattern on the daily time frame. This indicates further fall. I might take short positions based on lower time frame. I won't buy until i get a better price.

monish_8

Although the whole crypto market seems to be in a little bearish phase i think the downside has come to an end. Btc and eth have shown storong support near 40000 and 3000 levels respectively, these levels have been tested multiple times and i think it is time for a reversal. Xrp can show good upmove POST breakout. This is not investment advice.

monish_8

As per my previous post Btc is following my analysis properly and it is falling after the breakdown This makes it clear that crypto marlet is not ready for growth yet. I shorted eth after this breakdown. I won't consider long positions for a while now

monish_8

2hr tf bitcoin Btc seems to be in an indecision mode right now. What happens next depends mainly on the news. And the fate of btc's bull run depends if it gives a breakout or a breakdown. Trade according to the next move. Not financial advise.