Thedon372

Thedon372

this is the micro channel where gal is flowing.as usuall resistance and support is identified with trend lines.

Thedon372

yellow lines are support.purple and blue is resistance

Thedon372

I think this is the micro channel bitcoin is flowing in,blue,purple,and sky blue lines are support on different scales. while yellow are resistance

Thedon372

bitcoin not only is trading below the 200 EMA,but also by price action, it has broken the bullish trend.thus,my personal views are that the only support levels we have left are the 32k to 28k. if these does not hold, my next region of interest is the 20ks.i have fully moved to futures contracts.i have no business with uncertainty;trade safe.

Thedon372

A new weekly candle opens in a few hours,as already analysed, we are still trading within the weekly symmetrical chart pattern with 37k as the buttom and 48k as the top.the chase upwards continues as bitcoin heads to 45k.lets wait and see which candle gives us the break out.

Thedon372

bitcoin is trading below the 200 EMA,this is one of the proper indication of a bearish market.

Thedon372

using price action,A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. bitcoin is currently at a critical...

Thedon372

A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout to the upside or breakdown. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. bitcoin is currently at a critical position on the...

Thedon372

my view on crypt.it looks bullish on weekly,probably headed for an up trend, lets see how it will plays out. am hoping on getting on with this set up and i have a wide a stoploss.put that to note too.

Thedon372

Good day fellow traders.technically bitcoin has found a momentry buttom,but only time can tell if this buttom will turn a permanent buttom for us to see to an upside. i will also like to bring to your notice that the bullish structure on the weekly still holds,not until we have broken this structure shall we see a lower price below 39k. zoom in on image and see...

Thedon372

bitcoin is probably headed to clear all the institutional scam wicks, this is so because the chart has to be corrected and the bitcoin money analysis validated.but then, my picks still remains 30k to be the buttom if we break the 40k resisance bitcoin to 40k is innevitable

Thedon372

i technically believe in this project. strategically i see fear price at 6 dollars in the next bull run coming up this 1st quater 2022,but then fear price has to correct below a dollar technically before we moon

Thedon372

btc to 30k then we go to 80k. a littl more dip before we moon

Thedon372

my view on btc weekly,if btc breaks 40k we might go down to 30k.brace or impact after which we shall head to 40k.

Thedon372

if bitcoin breaks 40k,we might have to go to 30k brace for impact