nfjr2716

nfjr2716 Updated 

If bears have their way, things are about to get a lot worse before they get better. I'll say this from experience, never underestimate the crypto market's ability to go down. When I told people people BTC was going to fall from 60k to 30k, they laughed. When I said it was going to 20k and lower, I was told it is impossible. Don't be surprised if you see BTC at...

nfjr2716

As mentioned in my previous idea, BTC has been in a bear set up. The recent rally to 25k saw the price testing the top of the channel which has been rejected as expected. I simply could not find enough bullish sentiment to expect the price to break up out of this channel and start a a new bull run, even if many others were convinced otherwise. At this moment BTC...

nfjr2716

Bitcoin is now rejecting the previously broken trendline as well as the top of the current channel. If this pattern plays out, I expect a new low for bitcoin . A break above and successful retest of the trendline would invalidate this idea. - THIS IS NOT A TRADE SIGNAL, DO YOUR OWN RESEARCH.

nfjr2716

Bitcoin is now rejecting the previously broken trendline as well as the top of the current channel. If this pattern plays out, I expect a new low for bitcoin. A break above and successful retest of the trendline would invalidate this idea. - THIS IS NOT A TRADE SIGNAL, DO YOUR OWN RESEARCH.

nfjr2716

Look like the price is having a very bullish bounce off the bottom of the channel which is signaling a reversal. Looks like bulls are back in control, for now. Lets see if they can get the price back to the top of the channel.

nfjr2716 Updated 

Bitcoin's price broke below its long term trend line and is currently rejecting the pull back. If the price is not able to climb back above this trend line, I expect bears to ride it out until 32k. NFA/DYOR.

nfjr2716 Updated 

The price is respecting the current channel which means it may be time for the bears to have their way!

nfjr2716 Updated 

Should the price make it anywhere near 60K, I expect it to be met with heavy selling pressure and 50k may be the next stop. I would wait for BTC to make a clear break of 60K before declaring it bullish.

nfjr2716 Updated 

The chart speaks for itself, keep your feelings out of it.

nfjr2716 Updated 

This channel has been a pain for Shiba since late October.

nfjr2716 Updated 

Bears having their way as expected and they would love to see the low 50s.

nfjr2716 Updated 

Short now or at $64k conservative stop loss $64.6k Higher risk stop loss $65.6k TP 1 $60k TP 2 $56k

nfjr2716

Just my thoughts on the recent price action on BTCUSD.