BEAR HIBERNATION IS OVER

13 Feb 2024

No BEAR CRASH, just a simple small dip hoping for it to stay within the 45k and above zones, until then, I’m updating if the fall is even lower.

BTC WILL RECOVER

13 Feb 2024

Nota

BEARS tactic: using the slow death.

How?: selling in tiny portions to create mental chaos.

Whales know how we think: i’m sure they’re well studied in psychology but we must learn how to overturn the tables against them.
If they rapidly drop it, short term traders will stay in the trade but a slow drop helps into their benefit to gain even greater profits.

13 Feb 2024

Nota

20 hour time frame now has about 1 hour and 54 minutes left. Recent body candle still shows a perfect body to close out as a BEARISH HARAMI. A BH are two price action candles which come together.
**** the wicks, if we go by wicks then I might as well forget about price action candles, history shows down trends regardless of wick sizes in BH.

Professional traders I’m sure they teach that way with wicks but my own research have shown to play its role accord to the body sizes.
This helps for guidance.

Last two bearish harami’s days ago on a 1 hour time frame, if ya recall, 2 tiny falls from within the 47k to 48K zones but recovered fast which led to the 50k zone.
As a short term trader, I would not enter no trade with a BH in process especially on a heavy time frame.

13 Feb 2024

Nota

In about 5min I will know based on where the new candle lands at if more downtrend or up. Usually with some time of waiting: will update soon with other analysis.

13 Feb 2024

Nota

BTC will continue to fall, new 20 hr candle is lower than the higher. Using price action within the candlestick. I’m also using a two candle method into one. One candlestick with wicks fits within another body of a candle. Helps me see a broader look into what to expect within the next new 4 hours.
20 hours is a 4 hour closed candle.

My swing low graphs show moving in by making a curve within the inside meaning bearishness is still expected.

If it goes our way, best price would be no lower than 46.5k but we can’t count on it just yet.
Our next can be 43.8k but I’m ruling it out for now. I’m still sticking to 45k & above zones.

13 Feb 2024

Nota

There’s about 44 min left in the day chart, the ups and downs will set the next new candlestick in the middle of this most recent candlestick, price action has shown this to come next. It doesn’t show yet I can see in advance.
Value must keep declining to lay a perfect candlestick in the center.
If it declines as a bearish signal, then previous time frames still apply.
What does this read to me?: bearish Harami is getting much heavier meaning it will add more of a fall.
Once candlestick lays in the center, smart money plus other sources of trading will be buying and selling.
Smart money will do their part to keep it stabled so this way the candle bar will stay in the center.
This bearish Harami has been moving up from a 1 hour time frame from days ago to heavier time frames but kept getting declined through whale buys.

I’ve mentioned before: smart money is applying the slow death to this bull.

23 hour time chart also through my smart money algorithm now shows a strong sell.

Remember mates, this applies to short term traders.
Long term traders are safe, BTC is not crashing and will recover again but does not show soon. It all depends.