#Bitcoin Updated SHORT Term Levels for Margin Traders
$BTC is holding the trendline and 6450 Area for now. Any Bounce to be capped against Key Moving Averages and 7080 Area
#bitcoin All Technical levels will go for a toss If & when SEC approves $BTC ETF proposal
Expect 100% jump within days & 25500 target within weeks after ETF is approved. I will write a separate article on WHY it will jump so much within days
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#Bitcoin MUST READ COMMENTS ON CHART
4600-5400 is the most probable bottom with 80% probability to hold, may dip to 3200-3600 but reversal will be instant. Current Support 6450 which may offer some bounce. HODLERS pls check when it is best to BUY $BTC
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#BTC EU Snapshot
OUTLOOK: Remains bearish, but cannot ruled out corrective rally
BTC likely to test $6K in a week or two as suggested by downside break of pennant pattern.
However, a move abv $6873 (session high) could yield rally to $7,040 (May 29 low + pennant resistance).
Can some one do FA on #binance coins which have lost more than 90-95% from low to high on last 24 months. We have compiled a list
So if something crashed from 100 to 5 & if it’s good & if we enter now, even if it pulls back to 38.2% it can deliver 600-700% returns
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2 types of dumps happen here
1 Short squeeze with panic & a run up then shorts dump
2 Taking profit because the price is falling so fast people are not trying to catch the knife
This time it looks like the profit kind is setting up
Props to Pete in our discord good find bad TA
BTC charts update.
1- look what happened the last time BTC touched the 7MA ⚠️⚠️⚠️ 📉
2- my target is still valid in the bubble now moving lower 7000-7200
3- I never said LONG I am loading more shorts laddering
4- SL is over the 30MA 7420
5- we are on a red 9
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