BTC/M2SL 1M
If you look at $BTC price last 5 years its actually sad.
2100 days and still Break/even.
Demising returns are here, you are not early.
Furthermore the market is getting smarter and adapting.
No 100k, Double top, no 85% retrace (yet).
#BTC#Crypto#cryptocurrency
BTC/USD 1W:
$BTC could not hold/flip important weekly moving average, which is not looking good at all technically.
However, the sentiment is still very bearish on crypto. And as you know, majority is never right…
#BTC#Bitcoin#Crypto#cryptocurrency#cryptocurrencies
BTC/USD 1W/1D
$BTC is still ranging around the week resistance.
Preferably not losing the month block and MA, would not be a good sign.
However, the month block could be possibility for a nice entry and/or (small) trade.
#BTC#Bitcoin#Crypto#cryptocurrency#cryptocurrencies
BTC/USDT 1W:
$BTC is looking good for now.
Setting a new local high and holding 21eMA and 100ma.
Main scenario for bigger timeframe is testing the month block / 0,618 fib around 40-50k.
Also the monthly is likely closing above the 21eMA.
#BTC#bitcoin#Crypto#cryptocurrency
BTC/USDT 1D:
$BTC is looking terrible. In the middle of nowhere after losing ~$18,5k range.
Technically likely $BTC will visit the month block around 10-12k.
However, everbody is expecting it...
#BTC#BITCOIN#Crypto#cryptocurrency#CryptoNews
BTC/M2 1W:
Diminishing returns, that could be the $BTC description for the last 5 years. Even more if you view it versus M2.
$BTC "only" were 126% up and is now almost 50% down versus the 2017 top.
#BITCOIN#Crypto#Cryptocurency#BTC
BTC/USD 1W:
$DXY down, US goverments yield down.
All stocks up, precious metals up.
But $BTC / $Crypto broke the lows, it's a mess.
Is this capitulation? Still think $BTC has to retest the blue month block (10-12k). However can take time...
#BTC#Bitcoin#cryptocrash#Crypto
Still my main scenario --> Bearish rally, dropping down, breaking 18k floor. However the time frame for this was 6-9 months.
But..! could already play out here if $BTC lose the week block, risk increasing imo.
Volatility is coming....
#BTC#Bitcoin#Crypto#cryptocurrency
BTC/USD 1D:
$BTC is not looking great on the daily. Defintely not if we look at the $DXY which could set a new higher high soon.
Still think ~$20k is the new $6k and ~$10k is the new $3k, even if we get a little squeeze to the north.
#BTC#Bitcoin#Crypto#cryptocurrency
BTC/USDT 1D:
$BTC had a small rally but lost the momentum again.... (21 eMA). For now holding the week and day block, which is crucial to hold.
#BTC#Bitcoin#Crypto#cryptocurrency#cryptocrash
@yourfriendSOMMI Fear/desparation if you ask me.
To much "big influencers" are still bullish in my opinion.
For example Plan B think $20k is the same as 2011, 2015 and 2019 bottom.
However, more and more are talking $10k bottom now...
Personally I hope for a bear rally and then get destroyed.
Highest FED funds rate & US10Y bond since 2008 ✅
Highest inflation since 1980 ✅
Highest federal debt since 1945 (137%) ✅
Highest trade deficit ever march 2022 ✅
US Chicago PMI < 50 ✅
Unemployment Rate < 4% ✅
How is this going to end well?
QE ∞ coming (again).
#recession
This pattern is historically often a problem for $BTC.
Last week $BTC lost the 21 eMA again, getting rejected again and again and again... Weekly looking a bit better but the daily is concerning. On the positive side, there is huge support block between $10K-12k #BTC#Bitcoin
BTC/USDT 1W/1D:
Q4 just started and $BTC is at the moment not looking that bad on the weekly. Still holding the week block around ~18.5k.
On the daily looking less good. $BTC is rejected twice at the 100ma and also below the 21 eMA.
#BTC#Bitcoin#Crypto#cryptocurrency
Personally, I dont think the squeeze is likely anymore.
But if it still will happen $BTC has to take out the low and bounce hard back and would rally to ~$35k or so next months.
Taking out the high around $30k but not the higharound ~$48k #BTC#Bitcoin#Crypto#Cryptocurrency
BTC/USD 1D:
$BTC is not looking great on the daily. Defintely not if we look at the $DXY which could set a new higher high soon.
Still think ~$20k is the new $6k and ~$10k is the new $3k, even if we get a little squeeze to the north.
#BTC#Bitcoin#Crypto#cryptocurrency
BTC/USDT 1w/4h:
$BTC is back to the lows again on the weekly, didn't hold the day/week block.
However on the 4h momentum seeing some possible bullish divergence and $DXY looks a bit done for now (weekly), which can launch $BTC.
Tricky.
#BTC#Bitcoin#Crypto#cryptocurrency
DXY 1W:
The $DXY could possibly cool off here after 1,5 years up only, some potential bearish divergence on the weekly.
Breaking here more to the north, watching level around ~118.
#Dollar#dollarindex#DXY#USDEUR
BTC/USDT 1W/1D
No, this is not looking great for $BTC technical wise.
Lost the week block and downwards pressure on the daily.
Looking at ~22.5k level for now and see how $BTC react.
However, still a lot of fear and 70% down vs ATH.
#BTC#BITCOIN#Crypto#Cryptocurrency