Hello Everyone!!!
BTC has been sideways for almost 3 days now, the range is between $40.700 - $40.000, and right now we are on the APEX, we will have a blast off soon.
**BTC Idea**
Please check my recent post on BTC, especially the one on Daily TimeFrame. Before we talk about BTC back to Bullish again, we really need to pay attention on the potential for Dead Cat Bounce Pattern.
BTC got rejected so many times around the Fibo 0,618 Retracement. This is actually not a very good sign, based on so many data that I found, BTC is being accumulated by the whales since Friday, but we're not seeing the price rebound, also I got an article that showing BTC got a very huge outflow from Coinbase in Friday.
Maybe because some of them expecting a cheaper price around $37K ( Fib Retracement 0,786 on Daily Time Frame ).
Like Do Kwon perhaps, through LUNA Foundation's Guard, they did accumulating BTC, but for them to Buy more, they need Sellers and they need cheaper price.
I personally not expecting BTC to drop even lower from the Major Trendline in the Daily Time Frame, but if it needs to go down, then it will go down first.
There's no demand on this area, and perhaps a cheaper price will make the whales more interested to buy more.
For now, I'm paying attention on Symmetrical Triangle Pattern, especially on the Hourly Time Frame.
Break from this pattern will give us a clear path to the chosen direction by BTC, and this also give us a clue on how to react in BTC price right now.
I'm a trader, so I need the price to show me first before I react and making decision.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
And if you guys interested on my Analysis, I would be very happy to make a YouTube videos with English language, I'll be waiting for your thoughts and please leave it on comment below.
God Bless and Cheers!!!
BTC has been sideways for almost 3 days now, the range is between $40.700 - $40.000, and right now we are on the APEX, we will have a blast off soon.
**BTC Idea**
Please check my recent post on BTC, especially the one on Daily TimeFrame. Before we talk about BTC back to Bullish again, we really need to pay attention on the potential for Dead Cat Bounce Pattern.
BTC got rejected so many times around the Fibo 0,618 Retracement. This is actually not a very good sign, based on so many data that I found, BTC is being accumulated by the whales since Friday, but we're not seeing the price rebound, also I got an article that showing BTC got a very huge outflow from Coinbase in Friday.
Maybe because some of them expecting a cheaper price around $37K ( Fib Retracement 0,786 on Daily Time Frame ).
Like Do Kwon perhaps, through LUNA Foundation's Guard, they did accumulating BTC, but for them to Buy more, they need Sellers and they need cheaper price.
I personally not expecting BTC to drop even lower from the Major Trendline in the Daily Time Frame, but if it needs to go down, then it will go down first.
There's no demand on this area, and perhaps a cheaper price will make the whales more interested to buy more.
For now, I'm paying attention on Symmetrical Triangle Pattern, especially on the Hourly Time Frame.
Break from this pattern will give us a clear path to the chosen direction by BTC, and this also give us a clue on how to react in BTC price right now.
I'm a trader, so I need the price to show me first before I react and making decision.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
And if you guys interested on my Analysis, I would be very happy to make a YouTube videos with English language, I'll be waiting for your thoughts and please leave it on comment below.
God Bless and Cheers!!!
