Keep an eye on two important trendlines on the log chart for bitcoin...the bottom of this bear market could be at the 8K mark
Watch my video for my reasoning why Bitcoin can get under 10K in the next year. With a potential recession looming, this scenario should not surprise anyone.
I am still long-term bearish (6-12 months) on bitcoin, but we have reached 25K which will act as support once again. We are in neutral territory right now. For the bears to retake control we need to rally and test 25K one more time within the next 2-4 weeks.
Look at the weekly timeframe and your indicators to find future divergences that could set up for entries. Bulls are going to get destroyed in the next 12 months.
Been bearish on bitcoin since this last bear market rally...ascending wedge has been broken...still expecting a rebound to 29-30K one more time before a bigger failure.
Bitcoin's charts are looking bearish both on the daily and monthly timeframes. Look for a move towards $25-26K over the next few weeks, and then some stabilization in that area for a period of time. I am expecting a move to 10K over the course of the next 7-10 months where I think the bottom will be made.
Bear market rally may be over. Watch the video for updates on where bitcoin is going.
Bullish and bearish scenarios for bitcoin laid out. Enjoy.
Keep a close on the MACD divergence that could set up with SHiba.
Keep an eye on Elliott Wave and subwaves as Bitcoin grinds higher.
Keep an eye on TSLA as a short sale after the short squeeze in the markets has completed.
I am warning bulls out there to exit your positions in btc after the last rally...a massive dump is coming and it will suck all the moonboys in.
Bitcoin getting weaker as the TVC:DXY gains strength. Keep an eye on the 25K level.
Looking for a swing long after tomorrow's 9-count buy signal.
I have been warning about a bitcoin crash since this rally began...if 25K does not hold, expect a retest of the lows within a few months.
Longer term picture not looking great. I am thinking a bottom within 6-8 months for Matic.
I need to see a positive divergence on the weekly before I am remotely interested in BTC.
Keep an eye on the FWB:25K area on bitcoin ladies and gents