BTCUSD possible sell set up forming. Keep in mind we have been consolidating since last year June, so any impulse to the downside may last for three or four months. It will be a clean, powerful move to new lows, possibly below double digits.
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Many of you disagreed with the idea. But that's one of the signs that you are right, especially in trading, when majority are against you. The selling pressure is evident. I moved my stop loss to breakeven, just to be safe. With crypto, anything can happen. I suggest you do the same.
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My analysis on the dollar (
), helped to pin point the fall of bitcoin. The bears are only getting started!
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500 PIPS!
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Anticipating BTC to bleed after the FOMC maintains 5.25% rates. So far, the idea is still intact.
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BTC BLEEDING!
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By the end of 2023, BTC will be at 3000-5000. This is the short term view. On the long term, BTC will rise. AI will need a digital currency to fully dominate all aspects of our lives in the future.
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Watch out for the bulltrap!
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Don't be tempted to sell, until Price tags 33000.
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Price is almost at the selling zone. There is a consolidation on H4. Now we wait for a bull trap ( fakeout) to 32500 before selling.
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Don't sell Bitcoin just yet. Price has to tag the 33000 zone.
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Patience is a virtue. Patience pays, especially in trading. Wait and sell only at 33000.
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Looks like price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.
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BTCUSD setting up for a nosedive !
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200 PIPS STRONG !
Thedeveloper