๐ Interesting pattern forming on #Bitcoin right nowโฆ
Professor Scott breaks down what could come next. ๐
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๐จ bitcoin:native 1D โ I WARNED YOU ABOUT THIS
Price spiked into the major level and rejected. Exactly as marked.
Donโt get too excited on Labor Day ๐บ๐ธ. Books are thin. This is where MMs hunt.
Playbook:
โข One more squeeze into 82.8Kโ83K still looks likely.
โข That move sucks in FOMO longs and blows out late shorts.
โข Then look for the fade toward the 21WSMA (~70.7K)
Longs off the 9DEMA โ still valid.
Shorts off the channel high โ printing
โ ๏ธ NFA. Cut size.
Holiday liquidity + Tuesday NYSE open (9:30am ET) = volatility inbound.
Save this chart.
Follow for updates. ๐
Is 83K the trapโฆ or the breakout higher? ๐
#BTC #Bitcoin #TA #FFA
๐จ#BTC RSI TREND AT A TIPPING POINT
Weekly RSI has been
making lower highs for years.
Break the trend โ momentum shifts.
Reject again โ downside risk rises. ๐
Which way does it go?
๐ Breakout
๐ฅ Rejection
Comment below ๐
#BITCOIN: HISTORY SAYS THIS COULD TAKE LONGER
Every major cycle, the 21-week MA has crossed below the 50-week MA.
How long before it crossed back ABOVE? ๐
2014: 441 days
2018: 315 days
2022: 378 days
2026: only 210 days so farโฆ
If history rhymes, #BTC may still have some work to do.
Or... is this cycle different? ๐
๐จ#XRP JUST SHOWED WHY LEVELS MATTER
XRP hit the $0.99 level
and surged ~67% in one weekly candle.
But now itโs back inside the channel. ๐
Pullback to $1.20 or $1.10?
What do you think? ๐
๐ฅ $1.20
๐ $1.10
๐ Higher from here
๐จ #BTC WEEKLY AT A KEY LEVEL
Bitcoin is caught between
the 50W SMA and 50W EMA.
Hold $76.7K โ upside remains open.
Lose it โ $70K becomes the key level.
Which way does BTC move? ๐๐
๐ข Hold $76.7K
๐ด Break below $76.7K
A lot can happen over one complete Bitcoin cycle.
Different market conditions. Opportunities. Mistakes. Lessons.
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bitcoin:native is testing anchored VWAP again. ๐
1๏ธโฃ First test: decline
2๏ธโฃ Next rally: stalled below
3๏ธโฃ Current test: unresolved
A weekly close above, followed by a successful retest, would strengthen the reclaim case.
Reclaim or rejectionโwhat are you watching? ๐
#BITCOIN CLOSED AUGUST WITH HEAVY SELLING PRESSURE...
Look at that upper wick. ๐
A clue that traders were taking profits as BTC pushed higher.
Now the question isโฆ
Was this healthy profit-taking before another move up?
Or an early warning of more selling to come? ๐
September could get interesting. ๐
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