Possible Decline ScenarioWe received serious negative reactions from the contacts in the long-term falling trend. I think that we will experience a sharp decline after an accumulation phase that we will see in the symmetrical triangle, which is the result of the intersection of the currently rising channel and long-term falling trends.
Btc-short
Closed $LUNA short at +53% profitLUNA hit my target and looking close to oversold on RSI, so taking profit and looking for a breakdown of this key $96 level to open another short position.
Also closed my $BTC short (although both still looking ugly) because it's important to stick to your plan and take profit. I am still looking for shorts on $BTCUSDT, so will be fading any rallies while it's below the key $44k level.
eth pump incomingCrazy week as we come to a close , you can see the support lines holding, and now over the last 2 days we have gathered support and started to climb back slow. I think this is a key sign that a fast pump for ETH and BTC will happen soon, this weekend or next week for sure. This is only my opinion and you should never risk more than you can afford to lose. Also I have been watching DNT and it is not following BTC or ETH, is go's up with out them but seems to pump hard when ETH go's up fast. Be carful and safe, and have a Blessed weekend.
BTC UpdateHey Everyone , Many of you thought we`ve broken the triangle , and now its time for the bull run to begin.
In my opinion that`s incorrect .
For the Following reasons:
If we look at the chart above , we can clearly see a strong trend line that doesn`t let us to go up.
In my opinion that fast and strong break out of the resistance we had , was just a simple hand shake , Now once we got all our shorters out , we can see a fast reaction of selling. If you check the volume in the daily period and 13h we can clearly see the red volume ( short volume) Is bigger .
Which shows me we that the bears might be planning something.
Also on top of that , that fast run , was something small fishes made. Which means , the whales aren`t buying atm.
They are selling.
Simply selling :) .
That tells me alot.
We might get another pump to that very same trend line I marked.
After that, I truly believe we`ll see 42k .
Thanks , Alon
Bitcoin Not as Bullish as you think I've been looking at several patterns this one is the most probable and pragmatic. I think tomorrow during the New York session the possibility of this pattern will become more apparent.
There's a good chance bitcoin will retest 48K...
Bitcoin just needs time, it has done a 10 X over the last year and a half certainly it's rational that profits will continue to be taken..
Bitcoin's Crossroad - FOMC March 2022I believe this is the only way to view what may happen in the near term future with BTC price speculation.
I know twitter is full of perma-bulls saying that 32/33k will never be seen again, they could be correct, but regardless their bias shows because they are making their decision too early...
Perma Bears said we were going to 18-14k even 11k last week on Russia Fears, and the War is turning out to be worse than expected, while the market as well as BTC has shown resiliency in the face of the worst potential conflict in the modern era... Super Power Conflict... even with Gold Spiking... BTC pumps??? (STRANGE)
We will know soon what is going to happen, but anyone calling it today is at best, an over-eager trader. This point today, makes a great short opportunity... March 15th, we will see what happens...
Buy the Rumor, Sell the News? - Goodluck!
(Near Term Short, (1-3 Days out) - 35-37k retest possible... we are at major macro resistance here...
BTC/USD - Failed Recovery?- Forecasting more pain for BTC -Expecting further retrace.
30K entry target remains in play.
Shouldn't matter whether we see red or green by days end, both options should find their way to the same place by EOM.
Caution advised on all positions.
Personally I believe we need to dip further before we can effectively bounce back.
Small upshot- (if at all) over next 48hrs should be rejected.
* A break back above the recovery line could indicate a change in momentum however this seems highly unlikely - (be watching for it regardless)
As always, not financial advice,
Just my thoughts and TA.
Thoughts and feedback welcomed.
Bingaz.