Bakkt and insitutions are not coming in to save bitcoin, they are coming in to get your money. imo Bears here for another 6 at least
still very much bearish. BTC needs to bash through 6600 with a bang and theres no indication thats going to happen.
nothing but bulls eating shorts. 3600 top id expect down to 3200 again
i doubt the bulls have enough to stop this. if they can it will be tottaly against any chart any one can put together next stop 2800 1400 1200 800
BB really are at the lowest in along time. history should say BTC should bouce here, will it? imo NO. theres something going on way above our control maybe to much egos and to much interfering has took its tool IMO 2800 1200 800
BTC has hit that EMA bottom, will is push bellow? if it does it will bring blood. of it hodls we could see another long run of up and down 200's
we should have a small run- but as since november the 14th it's shown manipulation and forks have put history to bed
looking at this i'd say theres no real volume and id expect a drop to 2800
two sets of trend lines here!! IMO the downward looks like its the one!
EMA- 4hr candles trying to move, thats the resistance . IMO no longs yet, if i see 48 hrs of more green 4hrs then i would think about a position
we are so far under EMA and they are spread like an eagles wings. in this bear there has been a slight drive up when we hit down tread line up up if you look back but i think this bear is now in a spiral. its unlikely as i think the bulls are rethinking defending
3486 break and a leg down not much volume so im not expecting it to
the bulls are trying but its thin. a break above 3800 could ease the pain!
this is how it should play, but if we break that 3700 in the next few days ignore this ideally this support at 3700 should be tested for a few weeks before it breaks, how ever i could see BTC to 800/1300 aloot sooner than the chart trend i have no real incentive to predict a strong V bounce as theres been lots of good news about BTC of late and it has not made...