Bitcoin doing clear trend reversal 1. Bull trap over resistance 2. Test of resistance on 20.03 and another rejection. 3. Lower highs, lower lows in hourly 4. Blow off top mirroring from left to right = Btc is over
*bearish formation *lower top in creation *it’s just matter of time we are back at 0.5
Btc is now in the top of the box with fake breakout and distribution for liquidity grab. Now it will go to 44 400! There will be decided or we will go up or down. The path to 44 400 is already chosen! SELL Short = easy money rn
If you not shorting bitcoin idk what you doing! Btc lost fight for 52k multiple times! Clearly going down from the fight! Last minutes before big dump! -10% daily candle possible !
Audio tries since October 2023 to create bullish momentum and reverse the longterm downtrend. Sadly every time fails it going straightly into bearish momentum. The patience of buyers may be close to the end and we may see big bearish momentum and continuation of longterm downtrend with new lows. Be aware!
Rune.. please use logarithmic trend in longterm view. You will see that we arrived to strong supply zone. This levels ware also very high based on time aspect view. Actual trend is over 600% profit under a year. Don’t be naive and don’t buy the top.
Stop fixing on shortterm charts and somtimes Check the longterm trend in logarithmic view. After doing imaginary returns, matic for past 2 years is in distribution, and creates smart money distribution zones. Don’t fall into the trap and don’t pay for the gains of people who bought in 2019-2020! Don’t be naive
KSM bullish momentum(purple box/ last 2 weeeks) it’s much weaker from the previous one in December 2023. This sings a overbought trend and possible trend reversal with longer distribution over support zone. Be aware and short.
Link shows weakness the last days. Struggle to hold over 20. Before any new bullish movement first testest of 16.5. If 16.5 fails trend reversal.
Chiliz creating a bullish longterm formation but this is not its final form! One more retest on the bottom of the formation will happen. Be aware!
The bullish momentum from October 2023 is over. FET gonna go at least to 0.4. There will be decided direction for longterm movement, but for now avoid it!! Sell and short. Clear resistance and weakness !
I still keep my bearish view on SEI even it went up over resistance. 1. Fake trend continuation/ fake brake out 2. Big red doji candle 3. High probability to test 0.6
1. Sei reached top of the supply zone and distribution 2. fake fast brakeout to 0.9 for clearing of short stoplosses and for liqudity 3. doji candle in making 4. clear resistance and weaknes Clear trend reversal and great short opportunity
Sei lost, Heavy selling at 70cent, even Btc pumping don’t help ITS OVER SELL SELL SELL!