China really is cracking down - miners are moving and selling - China has a big steak in bitcoin and with china’s public crypto being released it will shut out BTC. Don’t forget it’s not just miners, but most crypto being warned to go and warned Chinese people that they could have money frozen ,
Check my content and you know I have been calling the short for months. If you missed the recent moves down dont worry, there is more downside.
My next area to buy is around 15-20k, thta has not changed for months.
We may retrace from here higher into a danger zone, that's ok but ultimately we are dropping to 15-20k.
Become a Trade Ninja today :)
WELL THERE YOU GO. BITCOIN HAS HIT A 10 ( ten ) in the weekly Sequential !
i tried to find the last time it did this in history but gave up. correct me where it is.
normally there is a prolonged UPTREND if a TEN is reached on a TEN upwards, if its the same with a down trend then it could get far far worse
1D bull divs
4H bull divs followed by standard RSI
Price is now moving sideways, struggling to go lower
Knowing stocks are infinitely manipulated
If those lows get taken, it is very likely that sellside momentum will be used to push this thing higher!
I'm watching for that....
Also some form of descending channel has been apparent ever since it started trading,...
its 275 days since Bitcoin hit the 21 week ma on the daily /.... wow
by the way it needs to bounce off it or its bear market
ps it probably would have months ago if it wasn't for Musk PLAYING with your money
its very dangerous for that wanker to play with people money like this, its a game to him
Bitcoin has reached the end of a tringle and looks ready for a breakout!
Previously the price reached the top red resistance line and collapsed so be aware of this trend resistance line.
Comments are much appreciated.
I've noticed that when you zoom out the Bitcoin chart we can see a repeated pattern where the price drops to a double bottom.
Each time a double bottom is formed, a huge price jump occures where we usually hit a new all time high!
Feel free to comment and follow.