Title says it all - Bitcoin is cliff walking again.
Now in a technical bear market price is drifting sideways and there is 0 bullish impetus.
Price could stagger down, but good chance there will be another devastating collapse coming, just like in May.
My target area for a the next wave down is the support area at $16.7K.
The chart speaks for itself but consider also what is happening in other markets. There could be a devastating chain reaction coming from the bond market. Check out my linked threads to see wth I'm on about.
On-chain analysists and metrics champions are welcome to give their view.
And as I've said many many times since March actually:
See you at 20K! 🔥
Not advice.
Now in a technical bear market price is drifting sideways and there is 0 bullish impetus.
Price could stagger down, but good chance there will be another devastating collapse coming, just like in May.
My target area for a the next wave down is the support area at $16.7K.
The chart speaks for itself but consider also what is happening in other markets. There could be a devastating chain reaction coming from the bond market. Check out my linked threads to see wth I'm on about.
On-chain analysists and metrics champions are welcome to give their view.
And as I've said many many times since March actually:
See you at 20K! 🔥
Not advice.
Komen:
Getting cosy with the 100Dma, probably not to long before next collapse down.
Komen:
Thanks to @realisticDiamo79435, for noticing that last night's sudden pump pierced through SOW from ATH top - I'm glad someone is paying attention.
Also what appear to be a fakeout through descending trendline.
That pump last night is a good example of why I say BTC algos are the slipperiest. A lot of short term and over-leveraged shorts would have got wiped out.
And why would they do that now? Perhaps because a collapse is coming. Time will tell.
Also what appear to be a fakeout through descending trendline.
That pump last night is a good example of why I say BTC algos are the slipperiest. A lot of short term and over-leveraged shorts would have got wiped out.
And why would they do that now? Perhaps because a collapse is coming. Time will tell.
Komen:
Komen:
BTC could break up to 0.618 - RSI pushing in upper quadrant.
Komen:
Right on cue 😄
This may give a better opportunity for shorting alts and they will obviously have a pump once btc settles.
This may give a better opportunity for shorting alts and they will obviously have a pump once btc settles.
Part 2 14/5 - Crypto Focus video now uploaded😼.
The tide is turning and blind hodlers might be rekt down the road💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
The tide is turning and blind hodlers might be rekt down the road💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
But in the end it will be back to 20K.