Seems like there is a short-term dump incoming; Weekly timeframe RSI divergence made exactly under the '"May 2022"' resistance and the 0.5% Fib level , And there is 3 confirmative candles. Pinbar candle had made last week , a Hammer and a Doji candle had made 2 and 3 weeks ago. If we make a daily candle closed under 30K , 28K would be the next major support for...
80% down from our Entry Break the mentioned area Everyone is shocked we are Rocked 🤣😅
So the price grabbed the liquidity of range high, and now it broke the eq. Potentially the traders who came after the breaker, or say trap, longed during and after the pumping. Now expecting it'll dump after the retest of the potential M15 breaker.
According to Fixed Range Volume, the demand zone is $10,000 for BTC. Many orders have been booked there. Lets see what the market gives us in the coming months. We have a CME Gap at $9-10k(although CME gaps gets filled 60-80%), So far I have seen all CME gaps get filled 100%.
As we can see, the market is in a critical position. I expect the market to fall around $24,000. But we must note that there are important support ranges in this area.
As we said before 200MA resistance here made local dump: now price is near strong support zones that if these supports remain valid we can expect more pump here like green arrows. Notice: if price breaks last support zones that are 46K and 40K support market can fall hard. DISCLAIMER: ((trade based on your own decision )) <>
Levels that previously acted as resistance will form a support, once price breaks above the resistance level. itHappy shopping on these sales ;)
Target of this scenario is between 5k_6k We are currently in wave 3
This chart is showing the exact same behaviour as the last trend we seen in BTC
same as previously posted but on the daily time frame for reference enjoy and trade safe
According to analysis btc pullback to trendline and will dump 13k 1.618 fibo projection = 13k
I am not doing NQ because most of my money is into oil and Russell. But if I was into NQ now I would not be going for a long. The big negative divergence on RSI Makes me wiggle uncomfortably. . I am not to say that NQ will,dump big here. But I say a long here would not be wise for me. I don't know if others see to. But I do say be careful..
after restesting area resistance BTC already to breakdown again ... move to 25K and target tf1D 21.700 $ ... so.. be carefful
If BTC unable to bounce from $46,000 we will see $43,000 and $40,500 in next few days. Maybe this is just a Wick to hunt stop losses for long positions. The 4-hour and daily candle close will give confirmation. This is maybe just a weekend dump.
Volume based support and resistance levels. It should be noted that BTC unfortunately has weak support at $44474.54 with prices based on Bitstamp’s data feed. Speculation: The recent dumps by F2Pool are beginning to shake the conviction of both institutional and retail traders in the short term. Institutions are taking BTC off of exchanges which is causing thin...
Phew! What a morning! Just look at those numbers! Volatility! 🤑 Now we all are super hyped with recent ETH success to break ATH God knows how many times in the last 48hrs. That is fantastic! However, if it all stopped there and the price would be stable - we would not be here! Daily traders need volatility. What's so special about volatility I hear you saying?...