BTC update Confidence is weakening. Not enough buyers and | Juanmigss on Binance Square

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Bearish

BTC update 
Confidence is weakening. Not enough buyers and shorts are winning. BTC might fall to it's major support around 59k. Panic sellers will pull out with losses. Be careful of placing long positions. A sweep can happen in a matter of hours. Stay safe

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BTC

90,018.97

-1.47%

10.5k

0

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BTC might go below 50k if the german govt continues to sell their Bitcoins. And they will trigger investors. I'll let my SL to be Hit or wait for opportunity to close my position in lower loss. We can't beat the market but we can adjust our risk. Stay safe

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BTC market update The last 2 days had been a struggle for BTC to go upward. Though, we all know we've been manipulated for us to pull back positions in losses. Market makers will always look at the areas where the money is sitting. Right now it's undetermine yet as I don't see we entering the bearish market. That 57k to 60k is the area of consolidation. And it's becoming a battle. Be careful for taking shorts as you are in the considered demand zone now. Liquidations are more on the upside than the downside. Money makers target is to put fear to investors. Now, If BTC breaks the 55k level, then it might go down to 40k to 45k area. Those were unmitigated areas. But if BTC regained the 65k to 66k then expect it's going to 70k to liquidate shorts. It's just a matter of time and we can't tell yet who will be the first to be liquidated. I already entered stop loss at 54,8k. So if it get stopped, I'll reposition below 50k.

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BTC update BTC just broke the 63k level earlier. Good signs of shifting to bullish side. But I need to confirm it still. It also ended the week with strong push back though not enough but might indicate a reversal in the next days. Now I'll look for a retest from 61,4k to 61,8k areas then bounce again to 63k. As long as this levels are being played, then it's considered to be consolidating again before pushing upwards. You may see a slowly but surely upward trend in the next days until it reaches 68k. Please be guided that analysis may invalidate depends on the news/events. But possitive rumors spreading may increase the investors confidence to bring back BTC to it's strong bullish season. I've been holding my long position since it dropped last week. Still holding for longer period.

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BTC update I thought that consolidation will start at 62k. But it looks to be from 60,6k to 61,3k at the moment. So the scenario seems to be the market is waiting for some news or events. I actually waited for 2 days for BTC to correct to 60,6k - 60,8k then bounce back to 62k. So most probably it will just go sideways. Now, If BTC drops below 59k, then that is gonna be bearish so that 50k to 52k is going to be possible. For BTC to shift to bullish side, It should go back from 63k to 65k. The liquidity Map shows more liquidations in shorts on that area. We might not see 74k for longer period of time unless some good news happens. There is no confidence for BTC to push high as of now. The demand zone still undetermine in longer timeframes. Please be safe. I got my stop loss at 58k in case my analysis are invalidated.

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BTC update BTC is indecisive. Lol

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