I honestly think there will be a massive manipulation move before we see any bullishness with intent.
1 Like
I think so too, that area of 12k is still the one for me and even if its a strong wick down then move up
I think that is what I am expecting. Violent move into that area and then rapid move back out leaving a large wick.
I still donāt expect a bull run for BTC - still lots of downside to come imo. The latest move up looks like a trap - 12k is looking probable.
Everything is possible but why many of youāre looking for $12k level?
The level of 18.5K has been working as a strong level of support. It pushed the price towards 21k. The price may consolidate around that level. A bullish breakout at that level may attract the buyers to go long and push the price towards 22.5K next/
Look on the daily and youāll see a fair value gap at around the 12k level where there was pure upward movement. Price nearly always seeks to balance one way movement and these imbalances draw price into them to recapitalise them. For me 12k is the last real prominent one of these left from the last push we saw. Also below it we see a bullish order block. Combined with the FVG these are powerful draws on price. It might only be a spike into it but big money will seek to utilise it to buy up cheaply.
1 Like
i agree, itll be fully balanced and can then push to new highs
Hiya,
Kindly is the BTC/USD in a downtrend to 12K or lower please?
Tnx and best of luck
Lovely example of the power of 3 on the daily BTC chart now.
1 Like
It is looking bearish now it has broken and closed below 17600 so I would think we are going see new lows
1 Like
Hard to say what is happening now - but we are certainly still bearish.
With FTX etc going bust, this is affecting price certainly.
Wonder if we will hit 12k? Worst case scenario, maybe 4-6k?
Hi all.
Not so good times to see but thatās a part of the game.
This time I`m here just to prepare you for what can happen literally anytime soon.
The chart below is 2 in 1 but bearish in both cases. The dark blue pattern is Head & shoulders. Yes, itās not so pure and clear H&S but it is such pattern. I didnāt believed in it when I first saw it but this weekās crypto market events and the PA made me believe it. The final target for this pattern isā¦ yes around $14k.
The second pattern (light blue) is descending triangle. This is long time playing pattern and here I was very glad when we break it above but all become just a fake-out. Now itās end target isā¦ around $11k.
Ill try to find something more positive for the next time but for now ill end here. Thereās no point of useless talks. I just want you to be prepared for what can happen.
So are you taking your own advice or is this gem just for other people looking on?
Looks like a head and shoulders will a tumour on one of the shoulders. Look where the liquidity most likely is. There is a bullish candle on the daily going from pretty much $12k to $12.7k. Iām confident price will be driven into that level and then react strongly.
Anyone else see that bearish pennant forming?
Iāve got a bullish move marked up around 16k - itās forming liquidity nicely, so I would expect price to come back down and tap into this zone before moving higher.
1 Like
Looks like its settling a bit around that mark, will be an interesting end to the year for sure
Hiya,
Kindly is the BTC/USD in a downtrend or will it become bullish this year?
Tnx and best of luck
