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BTC DUMPING OR MARKET CORRECTION?
Every market moves in a zigzag manner, no market moves in a straight line, so what we are witnessing is not a market dump or crash it's a market correction, a very serious liquidity sweep taking place before a major move upward.
From my technical desk, with BTC breaking below the 54k zone, that's a CHOCH, signaling a temporary shift from the bullish trend to a bearish short term trend.
there will be a retest of this zone anyway, and if the market fails to break back in then BTC will fall to the 27k zone as seen in this 3 month chart.
the market might remain bearish for the rest of this year, unless the market succeed in breaking back in, above the 56k zone.
everyone DYOR,
subscribe for more update
Every market moves in a zigzag manner, no market moves in a straight line, so what we are witnessing is not a market dump or crash it's a market correction, a very serious liquidity sweep taking place before a major move upward.
From my technical desk, with BTC breaking below the 54k zone, that's a CHOCH, signaling a temporary shift from the bullish trend to a bearish short term trend.
there will be a retest of this zone anyway, and if the market fails to break back in then BTC will fall to the 27k zone as seen in this 3 month chart.
the market might remain bearish for the rest of this year, unless the market succeed in breaking back in, above the 56k zone.
everyone DYOR,
subscribe for more update
#Write2Eam
BTC which way?
I just closed my BTC short, I am not comfortable with the fact that BTC is consolidating, so I have taken a small loss for the now, to stand aside and observe which way the market will break out to.
if the market break out downward I will sell if the market break out upward I will stay away from BTC. there is a high tendency for a false break out upward.
pls DYOR. this is not an investment advice
BTC which way?
I just closed my BTC short, I am not comfortable with the fact that BTC is consolidating, so I have taken a small loss for the now, to stand aside and observe which way the market will break out to.
if the market break out downward I will sell if the market break out upward I will stay away from BTC. there is a high tendency for a false break out upward.
pls DYOR. this is not an investment advice
#Write2Earn #BTC #TrendingTopic
BTC Having hit 60k zone what next?
I just short BTC, target 43,000
Duration 30 days,
DYOR, this is not an investment advice, pls let your research guide your investment decision.
BTC Having hit 60k zone what next?
I just short BTC, target 43,000
Duration 30 days,
DYOR, this is not an investment advice, pls let your research guide your investment decision.
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 9
( if you missed Pt 1,2,3,4,5,6,7,& 8 check it out and read it).
I forecasted that BTC will hit the 60k zone on or before March 31st, 2024. in my previous post when most traders were bearish and shorting BTC, but due to the long period of consolidation, some of my followers un-followed me, thinking my forecast was wrong, now we are there in the 60k (58-62)k zone.
From my technical analysis desk, BTC will dump anytime beginning from tomorrow Thursday to Saturday this week.
So I suggest profit taking today Wednesday, however, DYOR. BTC will dump and break the 50500 support zone and the overall retracement might hit the (32-27)k zone. before resuming the upward trend.
My stance: BTC will dump in the Month of March and will break the 50500 support zone and the overall retracement might hit the (32-27)k zone.
Possible BTC move beginning from tomorrow Thursday. One long daily candle might stretch from today's daily close to 50500 tomorrow Thursday or Friday or Saturday . This week candle will close as a bearish candle.
This is not an investment advice, pls DYOR and let your research guide your investment decision.
BTC Which Way? Pump or Dump? Part 9
( if you missed Pt 1,2,3,4,5,6,7,& 8 check it out and read it).
I forecasted that BTC will hit the 60k zone on or before March 31st, 2024. in my previous post when most traders were bearish and shorting BTC, but due to the long period of consolidation, some of my followers un-followed me, thinking my forecast was wrong, now we are there in the 60k (58-62)k zone.
From my technical analysis desk, BTC will dump anytime beginning from tomorrow Thursday to Saturday this week.
So I suggest profit taking today Wednesday, however, DYOR. BTC will dump and break the 50500 support zone and the overall retracement might hit the (32-27)k zone. before resuming the upward trend.
My stance: BTC will dump in the Month of March and will break the 50500 support zone and the overall retracement might hit the (32-27)k zone.
Possible BTC move beginning from tomorrow Thursday. One long daily candle might stretch from today's daily close to 50500 tomorrow Thursday or Friday or Saturday . This week candle will close as a bearish candle.
This is not an investment advice, pls DYOR and let your research guide your investment decision.
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 8
( if you missed Pt 1,2,3,4,5,6,& 7 check it out and read it).
BTC consolidated over the weekend and also extended the Bullish flag formed on the 4 hourly TF last week.
BTC is currently at the verge of breaking out of the consolidation and it is certainly breaking upward,
the 4 hour chart currently confirms the upward break out and the weekly chart confirms the formation of a 3 bullish soldier set-up, the last 2 weeks formed the first 2 candles so this week will be the third candle and the BTC market will move upward this week completing that SET-UP.
My stance BTC is Bullish and heading towards the 60k zone
pls DYOR
this is not an investment advice
BTC Which Way? Pump or Dump? Part 8
( if you missed Pt 1,2,3,4,5,6,& 7 check it out and read it).
BTC consolidated over the weekend and also extended the Bullish flag formed on the 4 hourly TF last week.
BTC is currently at the verge of breaking out of the consolidation and it is certainly breaking upward,
the 4 hour chart currently confirms the upward break out and the weekly chart confirms the formation of a 3 bullish soldier set-up, the last 2 weeks formed the first 2 candles so this week will be the third candle and the BTC market will move upward this week completing that SET-UP.
My stance BTC is Bullish and heading towards the 60k zone
pls DYOR
this is not an investment advice
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 7
( if you missed Pt 1,2,3,4,5,& 6check it out and read it).
BTC will remain in this upward trajectory till the end of February and will hit the 60k zone on or before 31st March 2024.
From my TA desk ( not feelings or assumptions ) BTC will be very impulsive today, having cleared all the resistance in the 50/52k zone it is free to fly higher.
The 4 hourly TF ( see chart below) clearly shows that BTC is out of the mild consolidation phase that it went in after over 12 hours of ranging, it also shows the formation of a bullish flag set-up which is an upward continuation pattern.
So enjoy it, trade responsibly and apply good risk management.
pls DYOR
BTC Which Way? Pump or Dump? Part 7
( if you missed Pt 1,2,3,4,5,& 6check it out and read it).
BTC will remain in this upward trajectory till the end of February and will hit the 60k zone on or before 31st March 2024.
From my TA desk ( not feelings or assumptions ) BTC will be very impulsive today, having cleared all the resistance in the 50/52k zone it is free to fly higher.
The 4 hourly TF ( see chart below) clearly shows that BTC is out of the mild consolidation phase that it went in after over 12 hours of ranging, it also shows the formation of a bullish flag set-up which is an upward continuation pattern.
So enjoy it, trade responsibly and apply good risk management.
pls DYOR
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 6
( if you missed Pt 1,2,3,4,& 5, check it out and read it).
BTC is poised to hit the 60k zone, read part 5 again and you will appreciate the update that I provide,
BTC is going exactly as I have forecasted, enjoy the ride up. see you at 60k zone.
BTC Which Way? Pump or Dump? Part 6
( if you missed Pt 1,2,3,4,& 5, check it out and read it).
BTC is poised to hit the 60k zone, read part 5 again and you will appreciate the update that I provide,
BTC is going exactly as I have forecasted, enjoy the ride up. see you at 60k zone.
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 5
( if you missed Pt 1,2,3,& 4 check it out and read it).
In part 2 and part 4, I specified that BTC have broken two major resistance lately, the 44/45k and 47/48k resistance zone which coincide with the yellow line ( 7 MA ) and the pink line ( 25 MA) respectively identified in part 4.
I also specified in part 4 that the sell off experience in the market yesterday was a sign of a healthy upward trend market . ( No market moves in a straight line, but in a zigzag pattern, )
I also mention in part 4 that the market will respect the yellow line (7 MA, 47/48k resistance now turned support zone), because it has not broken that line for days but have traded on top of it,
I also did mention in part 4 that the upward trend was still very much intact and will only be invalidated if the pink line (25 MA, 44/45k resistance now turned support zone) is broken.
Good a thing none of these two zones was breached yesterday Instead there was a rejection from the yellow line (7 MA)
The bearish candle form in the daily time frame (TF) yesterday is a bearish trap and does not indicate a bearish market, or a trend reversal for BTC, because in the first place the market is not being traded on the daily TF but on the monthly TF, so our focus should be on the monthly candles.
Whenever a market is being traded on a particular TF, it is the Support and Resistance in that TF that holds (i.e Respected by the market), every other support / Resistance in all other TF may cause rejection and pullbacks but ultimately they will be broken.
Similarly, whenever a pair is being traded on a monthly TF, it is not unusual to witness 2/3 days or even a week pullback, this pull back does not constitute a trend reversal, they are mere corrections and ultimately the market will resume the trend after these corrections.
My stance at the moment: BTC is Bullish.
More updates coming,
This is not an investment advice so please DYOR
BTC Which Way? Pump or Dump? Part 5
( if you missed Pt 1,2,3,& 4 check it out and read it).
In part 2 and part 4, I specified that BTC have broken two major resistance lately, the 44/45k and 47/48k resistance zone which coincide with the yellow line ( 7 MA ) and the pink line ( 25 MA) respectively identified in part 4.
I also specified in part 4 that the sell off experience in the market yesterday was a sign of a healthy upward trend market . ( No market moves in a straight line, but in a zigzag pattern, )
I also mention in part 4 that the market will respect the yellow line (7 MA, 47/48k resistance now turned support zone), because it has not broken that line for days but have traded on top of it,
I also did mention in part 4 that the upward trend was still very much intact and will only be invalidated if the pink line (25 MA, 44/45k resistance now turned support zone) is broken.
Good a thing none of these two zones was breached yesterday Instead there was a rejection from the yellow line (7 MA)
The bearish candle form in the daily time frame (TF) yesterday is a bearish trap and does not indicate a bearish market, or a trend reversal for BTC, because in the first place the market is not being traded on the daily TF but on the monthly TF, so our focus should be on the monthly candles.
Whenever a market is being traded on a particular TF, it is the Support and Resistance in that TF that holds (i.e Respected by the market), every other support / Resistance in all other TF may cause rejection and pullbacks but ultimately they will be broken.
Similarly, whenever a pair is being traded on a monthly TF, it is not unusual to witness 2/3 days or even a week pullback, this pull back does not constitute a trend reversal, they are mere corrections and ultimately the market will resume the trend after these corrections.
My stance at the moment: BTC is Bullish.
More updates coming,
This is not an investment advice so please DYOR
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 4
( if you missed Pt 1,2,&3 check it out and read it)
No market moves in a straight line, if that happens then that market will collapse without remedy so the little pullback witness today is a sign of a healthy market, the upward trend is still very much intact,
Experience traders are aware that the market in most occasions don't move very far away from the moving average, from the chart below, the price might touch the yellow line which is the 7 MA, observe that the market have never broken below that MA for days, rather it has been on top of it, that is a trend to observe, a break of the 7 MA will signal a fall to the Pink line 25 MA, until the 25 MA is broken, the upward trend is still very valid.
My stance, BTC is Bullish and ongoing to the 60k zone
This is not an investment advice so please DYOR and let your research guide your investment decision
BTC Which Way? Pump or Dump? Part 4
( if you missed Pt 1,2,&3 check it out and read it)
No market moves in a straight line, if that happens then that market will collapse without remedy so the little pullback witness today is a sign of a healthy market, the upward trend is still very much intact,
Experience traders are aware that the market in most occasions don't move very far away from the moving average, from the chart below, the price might touch the yellow line which is the 7 MA, observe that the market have never broken below that MA for days, rather it has been on top of it, that is a trend to observe, a break of the 7 MA will signal a fall to the Pink line 25 MA, until the 25 MA is broken, the upward trend is still very valid.
My stance, BTC is Bullish and ongoing to the 60k zone
This is not an investment advice so please DYOR and let your research guide your investment decision
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 3
( if you missed Pt 1 & 2 check it out and read it)
BTC Money flow analysis
BTC Money flow analysis is net positive,
large buy against large sell net positive
medium buy against medium sell net positive,
small buy against small sell net negative
total buy against total sell net positive.
A grand total net positive money flow analysis suggest that more money are being pumped into the market.
( View the screenshot below, source Binance exchange platform )
the net negative value emanating from small transactions is a representation of trade decisions made by retail traders with small capital who rely on signals from non- experience traders who are calling for the shorting of BTC.
The whales are buying, for example, Justin Sun made a huge amount of BTC purchase from Binance yesterday and transferred them to his personal wallet.
These retail traders with small transactions are not market makers so they don't determine the direction of the Market.
My stance: BTC is Bullish, and it is ongoing to 60k zone.
I will provide more updates as the move continue, however if there are changes in market conditions or sentiments I will also provide the update here .
This is not an investment advice so, please DYOR and let your investment decision be based on your own research.
BTC Which Way? Pump or Dump? Part 3
( if you missed Pt 1 & 2 check it out and read it)
BTC Money flow analysis
BTC Money flow analysis is net positive,
large buy against large sell net positive
medium buy against medium sell net positive,
small buy against small sell net negative
total buy against total sell net positive.
A grand total net positive money flow analysis suggest that more money are being pumped into the market.
( View the screenshot below, source Binance exchange platform )
the net negative value emanating from small transactions is a representation of trade decisions made by retail traders with small capital who rely on signals from non- experience traders who are calling for the shorting of BTC.
The whales are buying, for example, Justin Sun made a huge amount of BTC purchase from Binance yesterday and transferred them to his personal wallet.
These retail traders with small transactions are not market makers so they don't determine the direction of the Market.
My stance: BTC is Bullish, and it is ongoing to 60k zone.
I will provide more updates as the move continue, however if there are changes in market conditions or sentiments I will also provide the update here .
This is not an investment advice so, please DYOR and let your investment decision be based on your own research.
#Write2Earn #BTC #TrendingTopic
BTC Which Way? Pump or Dump? Part 2
( if you missed Pt 1 check it out and read it)
When will BTC hit the 60k zone?
BTC is not dumping anytime soon, from my technical analysis desk, ( not feelings or assumptions ) BTC has not shown any sign of a dump, understand that market retracement is different from a dump, no market moves in a straight line, less the market will collapse, all healthy markets moves in a zigzag pattern and BTC will not behave differently.
BTC just broke a very significant resistance level the 47/48k zone as seen in the weekly chart, there is a possibility of retesting this zone before a resumption of the upward trend to the 60k zone, the worst extension of the retracement is the retest of the 44/45k zone whose chances of occurance is very slim.
BTC will hit the 60k zone on or before the end or March 2024, you can screenshot this post and send it to me later if this prediction fails to occur.
My stance: BTC is ( Bullish) and it will hit the 60k zone on or before 31st March 2024.
I will provide more updates as event play out, if there are changes in market conditions or sentiments I will also provide the update here.
This is not an investment advice so, please (DYOR) let your research guide your investment decision.
BTC Which Way? Pump or Dump? Part 2
( if you missed Pt 1 check it out and read it)
When will BTC hit the 60k zone?
BTC is not dumping anytime soon, from my technical analysis desk, ( not feelings or assumptions ) BTC has not shown any sign of a dump, understand that market retracement is different from a dump, no market moves in a straight line, less the market will collapse, all healthy markets moves in a zigzag pattern and BTC will not behave differently.
BTC just broke a very significant resistance level the 47/48k zone as seen in the weekly chart, there is a possibility of retesting this zone before a resumption of the upward trend to the 60k zone, the worst extension of the retracement is the retest of the 44/45k zone whose chances of occurance is very slim.
BTC will hit the 60k zone on or before the end or March 2024, you can screenshot this post and send it to me later if this prediction fails to occur.
My stance: BTC is ( Bullish) and it will hit the 60k zone on or before 31st March 2024.
I will provide more updates as event play out, if there are changes in market conditions or sentiments I will also provide the update here.
This is not an investment advice so, please (DYOR) let your research guide your investment decision.
#Write2Earn
BTC Which Way? Pump or Dump?
I have read with awe over the past few days articles calling for traders to short BTC, and I ask myself what is the basis for these BTC short calls, I have looked at the charts over and over again and all I see is BTC coming to the 60k zone.
Everyone is expected to (DYOR) however, from my technical analysis desk ( not feelings or assumptions) I see BTC coming to do a retest of 2021 All Time High (ATH), and that high is in the 60k zone.
So in my opinion BTC will strike the 60k zone ( the area in- between the two blue lines in the chart below) before any reasonable retracement if there ever will be any.
I will continue to provide update on this upward movement to the 60k zone until it occurs, if market conditions or sentiments changes, I will provide updates on it as well.
My stance at the moment; BTC (Bullish) and ongoing to the 60K zone
This is not an investment advice, so let your own research guide your investment decision,
BTC Which Way? Pump or Dump?
I have read with awe over the past few days articles calling for traders to short BTC, and I ask myself what is the basis for these BTC short calls, I have looked at the charts over and over again and all I see is BTC coming to the 60k zone.
Everyone is expected to (DYOR) however, from my technical analysis desk ( not feelings or assumptions) I see BTC coming to do a retest of 2021 All Time High (ATH), and that high is in the 60k zone.
So in my opinion BTC will strike the 60k zone ( the area in- between the two blue lines in the chart below) before any reasonable retracement if there ever will be any.
I will continue to provide update on this upward movement to the 60k zone until it occurs, if market conditions or sentiments changes, I will provide updates on it as well.
My stance at the moment; BTC (Bullish) and ongoing to the 60K zone
This is not an investment advice, so let your own research guide your investment decision,
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join in the Avive AIRDROP program and claim free Avive tokens every hour. it's absolutely free just click on this link to sign up, #Avive - Proof Of Networking Protocol
If you missed #BTC and #ETH , do not miss #Avive
👉Click this link to register
https://m.avive.world/register/?vcode=j7f4fi