Bitcoin continues to follow the bearish trend since the lower high which signalled before the Binance news. Since then it gets rejected every time it reaches the declining trend.

What does this mean? Nothing. We have to see what happens with the perceived support around 35k. For now we're signalling a bearish sentiment.

Reply to this note

Please Login to reply.

Discussion

I have no idea what you are talking about πŸ˜…

For me, chart analyses always look like this

pretty accurate you should go pro! 🀣

basically I'm saying that the moon has been cancelled for now and I hope to get cheap sats at 35k and 31k. please.

got it! that is your way to say: stay humble and stack sats πŸ’œ

pretty much. I just want them cheaper. I'm greedy like that 🀣

you promised cheap sats 🀬 πŸ“ˆπŸ“‰πŸ“ˆπŸ“ˆπŸ“ˆπŸ“‰πŸ“ˆπŸ“‰πŸ“ˆπŸ“‰πŸ“ˆπŸ“‰πŸ“ˆπŸ“‰πŸ“ˆ

Yup. Completing blue 2 of yellow 3 into $32-35k range.

W3 of W3 (the most powerful wave, of the most powerful wave), begins soon. Likely within the next 1-2 weeks. Or sooner.

Minimum target of Blue 3 is $50k. Violently, in short order. Blue 5 (yellow 3) target pushing ATH.

that looks good though I'm sceptic of seeing a new high just before x-mas and new year. Usually we see a selloff just before the holidays. I guess we'll see. Personally I don't look to far ahead with Bitcoin and try to avoid making price predictions weeks away. IN general I looks for opportunities to sell some sats when Bitcoin peaks out to steal more from the market when we dip. rinse and repeat.

My way of taking Bitcoin off of the exchanges πŸ˜‰