Greetings from Benice team! Bitcoin's price increase impresses with its ability to appear and disappear at the most unpredictable moment, leaving only a smile or disappointment behind. Currently, the market has turned green, and this is good news. The current situation is as follows: The SEC postponed the decision on the ETF's fate for an indefinite period,...
If we are to brake current low, this is area that I would be expecting to see bounce from. Longs are currently pretty high up, we are rising on declining volume, if low brakes I would expect pretty steep move down to that area.
As you can see in the picture, there is forming a triangle pattern. It broke the blue trend line and looks like it will go down. 9 200$ is a strong support line. Another strong support is at 8 000 $. If you have a conservative strategy it is better to go to USDT partially. if you have some spare BTC it is better to hold them in USDT. The green zones are potential...
NO FUD here just facts ! Let's get right into this. Looking at the Linear scale ( ) BTC looks as if it has broke the down trend coming from ATH. but then the momentum is very slow,this is not how the market should response to a MAJOR break out like this. usually when such a break out like this happens, we see massive increase in volume as well as PRICE. but...
I see another possible inverse head & shoulder... coupled with declining volume... does that mean a breakout upwards soon? Or will it go down?
Well... it played out pretty nicely! As mentioned in my previous post, we were expecting the bounce to meet resistance between 10.2-10.4k. The bulls tried REAL hard to get it through the .236 fib line and the previous support/resistance level. It nearly got to 10.5k which I didn't quite expect and was slightly nervous with the short opportunity for me coming in...
Price did not react really strong to the supply zone at 9k. Price could go really high if it goes above 9k
First of all I would like to apologize for the bad quality of my current chart due to how much I feel exhausted. However This is a wild shot forecast for the expected BTC market next move after today's blood path which cam as a result of the Chinese authorities latest decision which is related to Chinese based exchanges regulations. In this one I count on what...