Forwarded from Scalps AltSignals Bitmex VIP
https://www.tradingview.com/x/YuzWCsFA/
BTC #Update #Analysis #BitMEX #Short :
After the breakout of the support horizontal
We can say that we are on the bearish side.
We see the standart TA pattern of continuation of downtrend.
Price consolidated in a bearish wedge and started going down from 61.8 Fibonacci level 0.16% .
Retracement, brokeout wedge support by strong impulse.
Waiting for continuation of descending movement.
Targets - 5850 - 5700 - 5200.
Don't forget the stop loss 🚨
BTC #Update #Analysis #BitMEX #Short :
After the breakout of the support horizontal
We can say that we are on the bearish side.
We see the standart TA pattern of continuation of downtrend.
Price consolidated in a bearish wedge and started going down from 61.8 Fibonacci level 0.16% .
Retracement, brokeout wedge support by strong impulse.
Waiting for continuation of descending movement.
Targets - 5850 - 5700 - 5200.
Don't forget the stop loss 🚨
Forwarded from Scalps AltSignals Bitmex VIP
What’s going on in #Bitcoin 🚥🔭 #update #levels👀
Today we got bear traps, bull traps and a highly volatile market, of course a bloody day, also, we are still making money in our channel 💸
For now, bitcoin is playing an interesting trend line from the 10340 bounce point of few days ago; and this can be the 5 Elliot Wave since the last days Bitcoin Behavior.
The market sentiment is still bearish for short term, with nice opportunities about test the .236 Fibonacci. Being between $9000 and $8800 the next most likely bounce point if we break $9330🧸🔫
So, I recommend don’t do a short im this price range without a confirmation 📪⚔️
Don’t mind about unrealistic targets without fight first.
For Altcoins, we need bitcoin have some calm and just freezing the price sideways, then, I’m pretty sure about the Altcoins bouncing.
If we have another dump, ether can follow bitcoin with a harder fall to shoppy levels like 170/180. Don’t be surprised if ethereum do the first step to continue the actual falling.
Today we got bear traps, bull traps and a highly volatile market, of course a bloody day, also, we are still making money in our channel 💸
For now, bitcoin is playing an interesting trend line from the 10340 bounce point of few days ago; and this can be the 5 Elliot Wave since the last days Bitcoin Behavior.
The market sentiment is still bearish for short term, with nice opportunities about test the .236 Fibonacci. Being between $9000 and $8800 the next most likely bounce point if we break $9330🧸🔫
So, I recommend don’t do a short im this price range without a confirmation 📪⚔️
Don’t mind about unrealistic targets without fight first.
For Altcoins, we need bitcoin have some calm and just freezing the price sideways, then, I’m pretty sure about the Altcoins bouncing.
If we have another dump, ether can follow bitcoin with a harder fall to shoppy levels like 170/180. Don’t be surprised if ethereum do the first step to continue the actual falling.