#Bitcoin fell from $126k+ to ~$61k. Not dying — just a normal pullback. Investors are taking profits. @BlackRock ETF outflows are mostly redemptions forcing $BTC sales, Money rotating into strong #AI/tech stocks. $BTC has survived bigger drops & recovered.
@brutalfootages I would risk breaking a leg and would have scooped right where he got buried. Like wtf. Moving the mud on the other side was just burying him more into a mudslide basically
@Branstinkapoi@GigglingGanon Dude. Shes 14. Normal behavior is shutting it down. Tbh normal.behavior would be to be as far away from.the faughyer considering he said he heard stories.
LMAO look at my face, I was not happy with the lunar fish shenanigans today. Def would rather try for a red gem than fish a lunar. Come join the spellborne community and see what skill is your favorite. #SpellborneCreate#NFTCommunity#GamingCommunity
$btc forecast: A break below $113,837 would confirm a short entry.
Signal Status:
0.786 Fib Rejection ✅ Confirmed
OBV Rising While Price Flat ✅ Confirmed (Divergence)
OBV Rolling Over After Divergence ✅ Confirmed
Price Losing Momentum/Structure ⚠️ Close to confirming – break of 113837.80 would seal it
** $btc Forecast and Breakdown:**
1. **Volume Profile :** Price is currently just above the POC (113614.8985) but within the value area, suggesting a moderate level of interest at these levels.
2. **RSI (1h & 4h):** Both RSI readings are below 50 indicating bearish momentum, with no divergence spotted.
3. **ADX (1h & 4h):** Both readings are above 20, indicating a strong trend. The 1h ADX is higher, suggesting the bearish trend is stronger in the shorter term.
4. **ATR (1h):** ATR is at 531.671, which will be used to set stop and target levels.
5. **OBV (1h):** OBV is falling, indicating a bearish volume confirmation.
6. **EMA 21/50 (1h & 4h):** Both 1h and 4h moving averages are bearish, indicating a bearish trend on both timeframes.
7. **Fibonacci Zones:** Price is currently below all Fibonacci levels, with no significant reaction or confluence.
8. **Market Structure:** The market is trending downwards with no significant breaks or retests.
9. **Liquidity Zones:** No visible sweeps or wicks, suggesting no major smart money footprints at the moment.
10. **Bias Confluence:** The bias is bearish across all timeframes.
11. **Divergence Check:** There's no divergence between price action and momentum.
12. **Smart Money:** There's no evidence of price sweeping recent highs/lows, implying no obvious traps for traders.
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**📉 Forecast (Dow Theory-based):**
Based on the above analysis, the bias is tilted towards the bearish side. The lack of smart money footprints and the absence of divergence suggest that the bearish trend may continue in the short to medium term.
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**🎯 Trade Setup:**
• Entry 💲: 113646.49 (current price)
• Stop 🛑: 113646.49 + 1×ATR(1h) = 114178.16
• Target 🎯: 113646.49 - 2×ATR(1h) = 112583.15
• Confirmation: The bearish trend is confirmed by the bearish bias across all timeframes, falling OBV, and strong ADX readings. The setup will be invalidated if price breaks above the stop level.
$Btc Forecast and Market Breakdown:
1. **Volume Profile :** Price is currently trading above the Point of Control (POC) but below the Value Area High (VAH), indicating a potential area of resistance.
2. **RSI (1h & 4h):** Both 1-hour and 4-hour RSI are below 50, signaling bearish momentum. No divergences noted.
3. **ADX (1h & 4h):** The ADX on both timeframes is above 25, suggesting a strong trending market. The current trend is bearish.
4. **ATR (1h):** The average true range is 801.86, which will be used for stop and target placement.
5. **OBV (1h):** The OBV is falling, confirming the current selling pressure.
6. **EMA 21/50 (1h & 4h):** Both EMA lines are bearishly aligned on the 1-hour and 4-hour charts, indicating a bearish trend.
7. **Fibonacci Zones:** Price is currently in between the 23.6% and 38.2% retracement levels, showing no significant reaction.
8. **Market Structure:** The market is in a downtrend, with lower highs and lower lows being formed.
9. **Liquidity Zones:** No clear sweeps, wicks, or smart money footprints at the moment.
10. **Bias Confluence:** Bearish bias across all timeframes.
11. **Divergence Check:** No divergence between price action and momentum.
12. **Smart Money:** No clear evidence of price sweeping recent highs/lows, trapping traders.
**📉 Forecast (Dow Theory-based):**
Given the bearish alignment across indicators and timeframes, the market is expected to continue its downward trend.
**🎯 Trade Setup:**
• Entry 💲: $115,181.84
• Stop 🛑: $116,183.70 (Entry + 1×ATR(1h))
• Target 🎯: $113,578.13 (Entry - 2×ATR(1h))
• Confirmation: We'll need to see continued selling pressure and a clear break below the current Fibonacci level to confirm this trade setup.
#markets #SwingTrading #btc #Bearish #Crypto