Bitcoin has not closed above the lower high made on 2022 May/ June at 33000. This makes all the price action after that a long term consolidation. The market is therefore at a previous resistance, which also happens to be previous support from January 2022. I am anticipating a short term consolidation on H4 with several shooting star candles before selling BTCUSD.
הערה:
Don't be tempted to sell, until Price tags 33000.
הערה:
Price is almost at the selling zone. There is a consolidation on H4. Now we wait for a bull trap ( fakeout) to 32500 before selling.
הערה:
Don't sell Bitcoin just yet. The selling zone is around 33000.
הערה:
Patience is a virtue. Patience pays, especially in trading. Wait and sell only at 33000
הערה:
Looks like price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.
הערה:
BTCUSD setting up for a nosedive !
הערה:
300 PIPS STRONG !
הערה:
500 PIPS FLOATING !
הערה:
BTC weekly candle setting up for another nosedive !
הערה:
If the weekly candle closes as a shooting star, that will be a confirmation of the bearish trend !
הערה:
The weekly candle is definitely a shotting star. Also, today being the first Friday of the month, the NFP will add more fuel to the fire !
הערה:
25500 is the new low on the downtrend ! BTC BLEEDS !
הערה:
25000 is the new low on the BTC Downtrend !
הערה:
Classic FAKEOUT ON BTC!
Thedeveloper