Basil Paizee

Estate agent, bulk importer, broker, manufacturer, stock trader and inventor of a carbon zero modular building or REMOTAC MODULAR to fight global warming .....

[Basil Paizee @BasilPaizee]

BTC also has 4 consecutive weeks of selloff just like the Nasdaq QQQ posted bellow. The two markets are deeply connected as a large volume of Cryptocurrencies traders investors are in Wall Street...30k is an almost certain possibility.

[Basil Paizee @BasilPaizee]

As you saw BTC broke its Major support line as well ...some scalp buying will be followed by more institutional selling afterward that will fill the void below.

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

The weekly chart shows 4 consecutive weeks of selloff of US stocks that just broke the major support line.
We may have some buying by scalpers Monday followed by another red candle on Tuesday on our way to fill the void.

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

https://t.co/JA7cA8ao7V

[Basil Paizee @BasilPaizee]

The 60k support is therefore still intact and scalpers in minority.
BTC is clearly a secure and safe long term hold.

[Basil Paizee @BasilPaizee]

On the other hand BTC is packed with investors or long term holds as you can see that the pulback from the 67 k mark is met with a sideways base or narrow range bars or battle bars as bulls are not conceding .

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

Clearly and understandably at 100% most decided to take profit..
That is dominated by scalpers...if you had investors price would have not dumped so fast.

[Basil Paizee @BasilPaizee]

The pump yesterday is one of the 3 types of climatics or a "news climatic" I am not sure what were the news but it reacted to news.
SRX is evolving as I often said in a small exchange without much if not no interference from institutions.

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

60k support level still holding but volume is not convincing ...
The 15 min chart shows convincing volume but we need to see this base bo again and take out resistance of 67k ...BTC is certainly not bearish just a matter of how low the pulback is going to be ...

[Basil Paizee @BasilPaizee]

Photo from Basile Paizee

[Basil Paizee @BasilPaizee]

@blkahn Stop the madness, greed and path of lazyness , stop the destruction of Mother Earth ! Just like like recycling reduce your use of motor vehicles or use them more effuciently may be where we can start making a difference ???

[Basil Paizee @BasilPaizee]

@HuobiGlobal Wyckoff ........k...off....or Waco .....no...it will not ...look at your chart properly ...it is downtrending ....23.7k is the bottom ...

[Basil Paizee @BasilPaizee]

@scottmelker If you follow the trend and we are clearly in a downtrend and you short, where is the negativity?

[Basil Paizee @BasilPaizee]

Observer the last 3 red volume bars that are clearly progressively lower indicating that there are less sellers left...clearly a sideways consolidation before confidence returns ...A choppy area so I am holding hands till trend returns that is above the 200 rma on the daily...