Hello and nice Sunday.
Today, I am delivering chart on 4 hour candles on Log scale.
This chart is same as previous, with light re-edit to better fit.
We can confirm, previous chart is playing nice to these days.
While some upside is possible, I won't trying to catch next 5%, if downside risk is much bigger.
...And 3 million Bitcoins was actually shorted around 20500 USD area. I thought, it will be temporary surpassed and leading to red ring test. On local Fibo is 618 , with target at 382 retracement.
In my chart we can see also 21 Weekly MA and it will be tested for support which won't hold too long. Probably break down in panic sells..
That is sign of BTC is at "Anger" phase of bear market, based on Wall Street cheat sheet.
Pros is maybe my personal buy zone would be very near and even real bottom area. There is green ring and long-term yearly rising support (blue line).
I can't say this chart will play out perfectly, especially if some sideways extends timing. However this is what I believe and I always try to stick to my opinions.
Always with care and ready,
Emvo.
*This is not any financial advice.
Today, I am delivering chart on 4 hour candles on Log scale.
This chart is same as previous, with light re-edit to better fit.
We can confirm, previous chart is playing nice to these days.
While some upside is possible, I won't trying to catch next 5%, if downside risk is much bigger.
...And 3 million Bitcoins was actually shorted around 20500 USD area. I thought, it will be temporary surpassed and leading to red ring test. On local Fibo is 618 , with target at 382 retracement.
In my chart we can see also 21 Weekly MA and it will be tested for support which won't hold too long. Probably break down in panic sells..
That is sign of BTC is at "Anger" phase of bear market, based on Wall Street cheat sheet.
Pros is maybe my personal buy zone would be very near and even real bottom area. There is green ring and long-term yearly rising support (blue line).
I can't say this chart will play out perfectly, especially if some sideways extends timing. However this is what I believe and I always try to stick to my opinions.
Always with care and ready,
Emvo.
*This is not any financial advice.
Note
$4,150,000 #bitcoin SHORTED @$21,114 USDNote
$4,718,051 #bitcoin SHORTED @$20898Note
"We are here" Weekly perspective.Note
Bitcoin making quicker cycles, so my imagine is something like this:Note
Some whales are starting to take their profits...They can't sell in one moment due to liquidity.
24H Liquidations:
Longs - $9.98M
Shorts - $6.86M
Note
Bitcoins are currently about to top, or very near.Expect result in 1 week. I will do a new chart soon to be more actual.
It is near 382 Fibo, above Golden pocket ratios.
I saw some conflict on RSI and MACD indicators.
However, it is weak to me, honestly.
Note
Seems like Bull Flag, I know. But in my mind isn't so simple, asi it looking near short sellers point with millions of Bitcoins in puts. To me, it could easily create Inverted CUP and Handle with 12-15% target corresponding to 1.1618, or 1.272 Fibo.
Note
It was faster, this would be top:Note
Bearish Broadening wedge :
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.