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2day

BTC 2day chart and more downside potentially shownhere I have the weekly camarilla pivot points in the 2 day chart. and the next levels. and the donchian channel. just as the 4day chart I previously posted it has a similiar look and candle count/formation. if it plays out in any similiar way I would expect this 2/3day closure to bring moves to the downside to touch (at least) our coming weekly L3/4 levels or/and the central donchian channel level. oscillation comparison also clearly shows there is room for turndown from here and the rest of the market is ahead of the game on getting healthy corrections. That being said. be safe. and it is better to short against spot holdings so as to reduce you risk of either price going up or going down. I also want to point out the CPR central pivot range. (weekly levels. purple line) the reason why it holds here is because that level essential acts as a magnet. especially when new timeframes open price gets pulled to that level. It is sitting here and once the new weely opens and the old one closes it cn be seen that it is only estimated to be coming in around the level we are at. It is possible that we close this weekly and then price immediatly touchs it and then resolves in order to ensure the lack of magnet retrace from a potential up or down move prior to close
COINBASE:BTCUSDShort
by Gunslinger2005
2day comparison. to recent fall and now. IndicatorsI recently posted a much more bearish outlook for 4day and I think weekly as well. However, I think the 1-2day looks like a potential bottoming point perhaps. I am posting both because I think there is still time if bulls acted and turn the larger timeframes and weekly occilators around late or last moment it could reach back up for maybe at least a higher retest. some of the signals we have now are the near exact opposite of the same ones that made me so bearish around 12k. It is hard to know or tell. so keep eyes open on all things
Long
by Gunslinger2005
3
bitcoin. Short potential. 2day. CamarillaCam monthly levels. we hit the top of predicted monthly range perfectly. if we reject here. the typical play would be to target the L3 on the otherside. supporting information is that the sentiment is very bullish. over confident. fear and greed highest since 14k last year. fisher transform on 2day is +4. TD9 sell set ups are on larger time frames. godmode on daily and two day signalling top locally. wave trend. The inverse of wix sensing top points. OBV shows lot of buying in this area. The PPO is in the red extreme warning threshold. The defi movement is just big money narrative or getting more money to begin with. the worlds economies are going to face hardship the coming months. BTC has NEVER been a good storage of value at these levels. People are trying to compare the price action here as if it is unstoppable like 2017 however this is not a blue sky breakout. That is just my two cents. P.S Potentially we could bounce from 11.8 or see the H4 level or up to it for some upside hunting. that is a large space so exercise caution. stop loss yourself maybe around 12.1 and look to reposition after that happens if it does.
Short
by Gunslinger2005