Siro_Guitar

Siro_Guitar

BTC looking to end the current consolidation and fall below $40K before coming back up. All liquidity zones in the range have been tapped into and the price is showing bearish price action with lower highs and strong selling happening when entering liquidity zones.

Siro_Guitar Updated 

Most of it has been explained on the chart. Very weak supply and demand areas from here as well as a bearish break of structure. Next area that hasn't been tested yet is $31K~

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Broke market structure in London Open. Overall the price action is turning bearish on higher timeframes.

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Wedge Breakout. 2hr is showing signs of bearishness. So could be a good opportunity to short.

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Anticipating a big drop here as price has met a liquidity area and resisted. Price has shown bearishness and should see a strong sell off at this level.

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Supply and demand area. Had the breakout and the stop loss hunt. This is the retest to finish off the bullish momentum. Good place to add on if you're already in the trade.

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Wait for bullish confirmation at this level. This area has a history of strong buying support.

Siro_Guitar Updated 

Potential downside on Bitcoin. Price is hitting resistance at the 50% Fibonacci Retracement zone. Price is also in a bearish trend.

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Wait for retest of break level. Analyse price action at this level on smaller timeframes to determine whether to enter the trade or not. If it breaks back down, then the setup is void.

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Double top formed. Selling pressure and pinbar candle on the 15 minute. Could be running back down.

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Trading between levels. The chart explains itself really.

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Short-term TA (1-2 weeks). We should be seeing a gradual movement upwards seeing as the past 2 days we have seen the price bottom out on the descending channel floor and was rejected twice (Double Bottom). The price should be testing the 50 day EMA and 200 day EMA on both the 15 minute and 2hr timeframes (just my preferred timeframes). The ceiling right now is...

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Here you can see that the price is adhering to the 38.20% resistance on the Fibonacci Retracement indicator on the 2hr chart. The indicator predicts that the price will begin to continue downwards to the 27th percentile before reversing.

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Bear Flag forming on the 15 minute chart. Price action underneath the 50day and 200 day EMA. MACD preparing for a reversal.

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Price is still bullish, currently testing the trend floor where it is finding support at this moment in time. Overall, you can see that the price is approaching a wedge convergence area where it could break out into the upside and continue following the Fibonacci Retracement calculation - currently bouncing around the 61.80% support level. MACD is approaching a...

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Price has recently made a new high following my prediction and overall trend. Fibonacci retracement has held as an accountable and trustworthy technical indicator, meaning that in my opinion, price has the potential to be pushing up to the -27th percentile and maybe more to anywhere within the green box indicated on the chart.

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Bitcoin testing previous high at the 100 percentile. Getting ready to push up past $60,000 price point.

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Price recently broke through the upper ceiling of the previous up-trend, making its way into the new 'consolidation' area. This means the next ceiling before breaking into a new consolidation is around $700-$800 per share. This data is representative of the January high and the current high price point.