Btc-short
short BTCHello
I hope you have a good day.
This is the first analysis I have published, I hope it will be used.
As you can see, Bitcoin is in a descending triangle. At the end of the triangle, in a 1-hour time frame, a pattern of 3 drivers is being formed. Point PRZ is located on the roof of the triangle. Reversal is more likely than triangle failure.
Broke out. All you fudders out there could've been shorting...... And making money. But instead you choose not to.
I pay money to use this premium service. I do not care about your opinion. Here's my TA so take what you can get.
Have fun and buy the dip. I would set buy orders below 30k just to see if it will go lower over the next few days, if not then I'll buy at 30k which isn't a horrible entry after all it is only half of ATH of $65k whatever.
Bitcoin FUD Leaked Conversation - Real or Fake? Scenario EvolvesHere in the charts is the possible scenario about the FUD Leaked Conversation calling for $25k, can't find it but if somebody has it post a link in the comments. User was "anonymous" and calling the recent $30k price drop to liquidate a big player.
Not sure if this is true, as I called the $30k price target with the Wyckoff distribution pattern I posted here on Trading View also, just hit play and check the target line. Props to Market Cipher which also gave me the confirmation needed it was time to take profits. Long story short, the article called for a symettrical triangle to develop and eventually dump to $25,000. Well here we are, symettrical triangle developing. Real or fake?
Don't loose your head but expect further downside.Focus on the higher time frames, they show the clearer picture, the lower time frames will trip you up. We are going down further and the market is searching to make a higher low in relation to the long term uptrend we are in. We will not go down in a straight line and there will be plenty of opportunity. Don't loose your head, focus on structure of the market and don't act in fear.
Good luck trading.
Strictly opinion and not financial advice.