ergash1982

ergash1982

Hello everyone. the bear flag is forming, we might have another drop to 42k level reasons for that is Rsi Rising while the price is falling, macd consolidating to green zone with out price rise. (yellow line) see white line for direction what i think it is consolidation before another drop. dont trade its risky now, wait for confirmations on charts, and clear...

ergash1982 Updated 

if btc doesnt take 200sma again, its at 46020, and consolidate above it, then we are going to 0.5% fib which is 37k. see my previous analysis for fib info

ergash1982 Updated 

looks like a bearish flag what do you thing? happy to receive comments with explanations thanks and good luck

ergash1982

Btc will retest the upper trend, and with the orders that are there to sell from 48k to 49k chances of it breaking is not a lot, if it doesnt then it will go back to 44k to fill in the gaps that were created during the fall, basically with this fall it cleared out everything to 43k so going down will be easier it is the same like it was going up and shot up from...

ergash1982 Updated 

no support at all be careful could reach 42k not financial advice good luck

ergash1982 Updated 

BTC is about to retest local trend like near 48500, if it holds it can go up, but if it fails then we will retest the 0.61% fibo which is 44k which i think is more likely.

ergash1982

what i noticed in bitcoin history, when ever 50 sma crosses 200 sma, a big crash happens, it happened February 2020, also in 2014(i circled it in yellow if you scroll more left to see it), and many other places, and it doesnt matter if it crosses from top to bottom or from bottom to top what do you thing will this be different? wasnt different in history of...

ergash1982

volume are low, and its very slow this weekend my thought is that not many people want to buy at this levels probably it will retes 0.5 fib which is 46500 not financial advice good luck

ergash1982 Updated 

people that hold 10 to 1,000,000 wallets dropped since 13 august 2021 till today wallets 10-100 bitcoins reduced only by 147 wallets from 131254 to 131107 wallets 100-1,000 bitcoins reduced only by 24 wallets from 13837 to 13813 wallets 1,000-10,000 bitcoins reduced only by 10 wallets from 2070 to 2060 wallets 10,000-100,000 bitcoins reduced only by 3 wallets...

ergash1982 Updated 

just a test idea for my self, dont take this into account

ergash1982 Updated 

explanation on the chart strange but possible chart pattern that can happen. happened many times already since 2013. i don't think its going to be any different now. maybe im wrong but chart shows it and not once, but many times not financial advice goodluck

ergash1982 Updated 

on the chart looks same, will it repeat what it did before, so far it is repeating good luck not financial advice

ergash1982 Updated 

on the chart so far looks same lets see what happens not financial advice

ergash1982

will bit coin move same as last time it reached 50400? what i see is that it reached 50400 target then drop to 49300 area, showed that its stabilizing then trapped more people and dropped like hell. same thing happened now, it reached 50400 then dropped to 49300 area and showing that its consolidating? the question is will it drop again and trap bulls?

ergash1982 Updated 

so what do you think, was this the last attempt before bigger correction or not? 2 rejections at 50400

ergash1982 Updated 

BTC down trend line kept intact, rejected from it not financial advice

ergash1982

i think it was rejected be careful not to get into a trap good luck

ergash1982

everything on the chart bullish trade 46200 buy tp1 49k tp2 52 tp3 54 stop loss 45500 short idea sell 49100 tp1 45k tp2 43k tp3 37k stop loss 50200 just an idea, not financial advice