Nothing with any real strength though. Just stuck in a range.
Not picking up as much as I expected. Bought some last weekend.
Just still in that massive range on the HTF. Itll be interesting to see if itāll break soon.
Agreed, I think overall itās still looking good but need some positive fundamentals to kick it off
I think the price of btc is going start going up again soon some of the alts have been doing okay recently.
Easy targets to pick off below price at the moment. I wouldnāt be surprised to see 35k
Going to be a substantial move whichever way Bitcoin breaks, more bullish than bearish still though for me on structure.
No sign of that move coming yet though.
Hi all.
I
m here again but this time will be a bit more different from the other ones. I
ll be short and most of you will not like the below chart may be, but in the markets we must be always emotionless.In short, BTC price could be at the edge of the cliff right now. When we look at the daily chart weāre seeing a very good looking ascending channel. Thatās bullish right, but when we zoom out weāre seeing something a lot more different than bullish. Thatās a bear flag. If you donāt know what a bear flag is then just google it, but a bear flag, like it
s name is showing, is a bear pattern. Thereās no confirmation breakdown yet but if this happen we could see a price drop to the mid $20K - around $25000. We just got to be prepared and the world (and BTC) would NOT end with this. Will this happen only the time will show. When will be the bottom if this happenā¦ Think I have something in my pocket to point the bottom but I
ll tell you more about this if and when this drop happen.Thatās it for now. A simple and clear chart. I hope that such negative charts will be less and less in future but that`s the real life. I have something positive prepared for the next time too plus some trading strategies testing but for all of thisā¦ when the time have come.
See ya.
Nice bearish analysis on btc
Since Bitcoin made some strong bearish move, so it may take more time to get bullish. The level of 38K may work as a level of support. However, the buyers may wait for the weekly chart to show some bullish momentum to go long in Bitcoin.
Thanks. Would be better to be bullish but this time is a bit bearish.
Looks very possible. At the moment it is collecting orders on both sides so i wont be trading until it breaks out personally
Looks to be heading that way although I wish it wasnāt. Could be a good time to short btc then you think ?
Lots of price targets below still in my opinion. I know we all want a bullish BTC but we have to accept what the charts show us.
I can see it going towards 22K at least
20k incoming I reckon - liquidity to take out. A lot of people are bullish still and I donāt know why.
Think I am a little more optimistic for the 30k level being the next stop
20k and the old ATH would be a great shout
Itās definitely likely at this point