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Ualifi Araújo
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Bullish
Analysis $BTC 05/06/2024
Bitcoin, really really good here!
We spent the weekend within the expected price range of USD 62,800/64,400, and this allowed us to attack USD 65K today, as I had already posted that we would do this week. So, you followed the plan perfectly here.
Unfortunately, when we reached USD 65K we fell quickly and should continue falling a little lower, up to USD 62,500/62k which is where the BULLS are starting to position themselves to defend prices. I don't worry so much about this new rejection in the red band on the chart, why? This new rejection was motivated by the news that the SEC was notifying Robinhood, that is, there were no large sales orders placed there, on the contrary, large sales orders had been removed today as soon as the price shot up, however, the Cash sellers sold as soon as the news came out behind the scenes and consequently increased the decline when it became public.
The idea that is forming in the Market is that the SEC will continue to attack Cryptos as prices advance rapidly, in an attempt to contain this advance, but this will be totally FAILURE, because there is no way to stop prices in a bull market, you You can do this for a week or two, but you can't keep it up for long.
We need to see the BULLS in the SPOT market push this, we can also see that the Whales helped us there with USD 62K, new help would be welcome!
Anyway, I'm not worried today about these prices here, as long as we can close above USD 62K, then we can break USD 65K during the Week, and that's what I think we will do.
Some large SELL orders were moved quickly to USD 67K as prices were rising, and did not go down any further, so I believe that USD 65K is no longer a good point for the BEARS and they should continue to rise as the price shows strength here.
Nothing to worry about here, keep the game simple!
We will break USD 65k soon!
(SHARE THIS GRAPHIC IF YOU CAN!)
Bitcoin, really really good here!
We spent the weekend within the expected price range of USD 62,800/64,400, and this allowed us to attack USD 65K today, as I had already posted that we would do this week. So, you followed the plan perfectly here.
Unfortunately, when we reached USD 65K we fell quickly and should continue falling a little lower, up to USD 62,500/62k which is where the BULLS are starting to position themselves to defend prices. I don't worry so much about this new rejection in the red band on the chart, why? This new rejection was motivated by the news that the SEC was notifying Robinhood, that is, there were no large sales orders placed there, on the contrary, large sales orders had been removed today as soon as the price shot up, however, the Cash sellers sold as soon as the news came out behind the scenes and consequently increased the decline when it became public.
The idea that is forming in the Market is that the SEC will continue to attack Cryptos as prices advance rapidly, in an attempt to contain this advance, but this will be totally FAILURE, because there is no way to stop prices in a bull market, you You can do this for a week or two, but you can't keep it up for long.
We need to see the BULLS in the SPOT market push this, we can also see that the Whales helped us there with USD 62K, new help would be welcome!
Anyway, I'm not worried today about these prices here, as long as we can close above USD 62K, then we can break USD 65K during the Week, and that's what I think we will do.
Some large SELL orders were moved quickly to USD 67K as prices were rising, and did not go down any further, so I believe that USD 65K is no longer a good point for the BEARS and they should continue to rise as the price shows strength here.
Nothing to worry about here, keep the game simple!
We will break USD 65k soon!
(SHARE THIS GRAPHIC IF YOU CAN!)
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