BTCUSD ANALYSIS
Updated
Bitcoin has not closed above the lower high made on 2022 May/ June at 33000. This makes all the price action after that a long term consolidation. The market is therefore at a previous resistance, which also happens to be previous support from January 2022. I am anticipating a short term consolidation on H4 with several shooting star candles before selling BTCUSD.
Comment
Don't be tempted to sell, until Price tags 33000.Comment
Price is almost at the selling zone. There is a consolidation on H4. Now we wait for a bull trap ( fakeout) to 32500 before selling.Comment
Don't sell Bitcoin just yet. The selling zone is around 33000.Comment
Patience is a virtue. Patience pays, especially in trading. Wait and sell only at 33000Comment
Looks like price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.Comment
BTCUSD setting up for a nosedive !Comment
300 PIPS STRONG !Comment
500 PIPS FLOATING !Comment
BTC weekly candle setting up for another nosedive !Comment
If the weekly candle closes as a shooting star, that will be a confirmation of the bearish trend !Comment
The weekly candle is definitely a shotting star. Also, today being the first Friday of the month, the NFP will add more fuel to the fire !Comment
25500 is the new low on the downtrend ! BTC BLEEDS !Comment
25000 is the new low on the BTC Downtrend !Comment
Classic FAKEOUT ON BTC!
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