Numberfive
PremiumWithin the next 24 to 28 1hr candles (if not sooner) Bitcoin will be ready for another try to bounce and try to print that higher high. Have your bets placed ladies and gentlemen cause volatility is coming back again. Note: If the low is broken and price doesn't climb back above it then all Long bets will be off.
Looks like Bitcoin just cleaned the longs with a nasty wick on Bitstamp. Now it will be heading to the previews high of $85500 and break it. Lets see if this time it holds at least above the $86500 for a couple of days.
Well...well....well, Looks like someone started to build positions above the $85k . Eyes on a quick drop to the $81k line and then pop or it muy startt moving from where it is now. Keep in mind that we still in a Daily downtrend so this pop (if it takes place will be max to the $86k - GETTEX:87K area. We'll follow the move so stay tune.
Bitcoin from the 1hr pov ( trade last 1 or 2 days) will bounce but don't expect much of it cause the Daily still in confirmed downtrend. Make some money and get out or just wait for a good move once the 4hrs gives us the long signal probably in about 3 to 5 days. stay tune.
Well Bitcoin wasn't able to break above the Weekly zero line $88225 and now its heading to test support at the Daily Zero Line $79325 there's still momentum and TIME to the downside so expect lower prices. next week is a bearish TIME week and even if Bitcoin drops to the base of the channel and stays there moving sideways for the next 2 weeks then the weekly...
Bullish Daily TIME Cycle is almost completed and Bitcoin still playing lazy it hasn't even been able to stay afloat above the $85500 mark and TIME is running out . Needs to print a higher high above the GETTEX:92K line to break the downtrend direction and retake the Weekly uptrend that paused on 2nd week of December 2024 . bulls need to come out and pump...
One more spike up is brewing again on the 1hr tf lets see if this time bulls are able to break above and hold above the $85500 to make the base for the last 4hrs tf break out that will take place around the 22nd (if not sooner) but bulls are NOT showing muscle and TIME is running out. On the 4hrs tf there are two scenarios and both will end marking the next leg...
Bulls are just not pushing enough to get price above the $85500 line and consolidate up there to be ready for the next spike and they're not doing it. But bulls still have like 20 4hrs candles before the next leg down starts and the higher the price is (ideally above $90k) the better . Lets see what happens in the next few days. 4hrs tf still long
Well...Well...well look at Bitcoin it had a nice move but TIME is running out and is not printing a higher high yet and it needs a higher high. By now Bitcoin should be above the $85500 and consolidating up there NOT below $83k. if it keeps in the $80k - FWB:83K range before it reaches the RED vertical line then a test to the recent LOW will follow and most...
We finally are in capitulation zone (SPOT buy area) . New lower low is in place as it was expected . There's still TIME for bears to push prices to the 72k - 73K area but we are due for a bounce within the next three 4hrs candles whatever the drop is that's gonna be the BOTTOM . If we bounce from the $75500 line then the bounce most likely will be short lived but...
Week # 12 just arrived and capitulation with it. Daily downtrend is almost complete . We have two bounce points areas (green shadeds) one for the 1hr TIME Cycle which is about to start and the other for the 4hrs TIME Cycle which will start probably by Tuesday 11th (if not sooner). The 1hr TIME Cycle it won't yield much (about 2k or 3K) cause the 4hrs Cycle...
Well looking at the price and vol action from the last 24hrs it looks like in fact Bitcoin it will enter a sideways move (shaded area) for the next 4 or 5 days cause bears are exhausted FOR NOW to continue pushing price down but lets don't forget that the 4hrs and Daily TIME Cycles are in confirmed downtrend and eventually bears will go and test the $79k line...
Bitcoin entering in sell zone but looks like the retrace will be small this time as the 4hrs tf move down is losing steam and if so then it will enter into a trading range for the rest of week and part of next one, TIME will tell.
Buy now and sell when bounces. This is the 3rd 1hr TIME Cycle bounce within the 4hrs TIME Cycle trend . No pain no gain.
From the 1hr tf pov a bounce is due just to go and test the $86k - GETTEX:87K area and the pause and once it gets there we'll take another look to see where its next move will be . Lets remember that the 4hrs TIME Cycle is confirmed and eventually we'll see prices below the $80k line. buckle up ladies and gentlemen .
The bleeding will continue. This bounce is just to test the $90k line (if it gets there) but price needs to stay above its Zero line and bounce break and stay above $93k - $94k for the rest of week to invalidate the confirmed 4hrs Bearish Time Cycle but I doubt it cause as of now the power is to the downside. For now every bounce is just to continue lower....
After a nasty drop Bitcoin is getting ready for a bounce but just don't expect much . The damage to the 4hrs and Daily is already done. is already in the buy zone. Lets make some money . low leverage is a must. Don't get greedy.
Well....well....well, not to bad for bitcoin its been holding very well in that trading range but now that we are about to finish the 4hrs Bearish Cycle is TIME to change sides and the next move is up . Any flush BIG RED candle is just to go an rekt all those poor souls with stops below the $93k area and then UP to go and rekt the Bears that entered too early...