dr_mt
--
Bearish
Another analysis that's worth framing! 😎
If you followed this call then you're the boss! 👏
I gave the whole picture as to which levels
$BTC will rise & fall to!
Why this call was success?
1️⃣ Liquidation clusters were identified:
Rose to 86.5K level, triggered liquidations and plunged back down to 85K to trigger even more liquidations.
2️⃣ Low volume was identified— inciting potential whale activity and price movement.
3️⃣ Market cap gains indentified— similar story as above..
What's next?
Since $BTC failed to pierce through resistance above 86K level and plunged back to current levels at 84.9K, as we've predicted, now we can expect bearish sentiments developing.. Here's why..
Major Support Trendline is broken now we can expect prices to reach for support to levels below.
Also note, after break down BTC will now retest previous trendline support as new resistance trendline— monitor and see if this new resistance trendline holds its integrity before making any moves!
New targets :
🎯 TP1 : 84.6K
🎯 TP2 : 84.4K
🎯 TP3 : 84.1K
🎯 TP 4 : 83.9K
🔴 Stop loss : 85.9K
Make sure to trail your SL and take profits in batches! And enter only with good confirmation as always..
Besides, another key level to watch is at 83K, if this is breached then we have a confirmed bearish M pattern or double top, which means we are heading for potential major correction!
Guys and gals, It takes me alot to make these posts and I really appreciate your feedback— it helps me improve my writing game! So thank you. 🥰
DYOR
Follow me
dr_mt
If you followed this call then you're the boss! 👏
I gave the whole picture as to which levels
$BTC will rise & fall to!
Why this call was success?
1️⃣ Liquidation clusters were identified:
Rose to 86.5K level, triggered liquidations and plunged back down to 85K to trigger even more liquidations.
2️⃣ Low volume was identified— inciting potential whale activity and price movement.
3️⃣ Market cap gains indentified— similar story as above..
What's next?
Since $BTC failed to pierce through resistance above 86K level and plunged back to current levels at 84.9K, as we've predicted, now we can expect bearish sentiments developing.. Here's why..
Major Support Trendline is broken now we can expect prices to reach for support to levels below.
Also note, after break down BTC will now retest previous trendline support as new resistance trendline— monitor and see if this new resistance trendline holds its integrity before making any moves!
New targets :
🎯 TP1 : 84.6K
🎯 TP2 : 84.4K
🎯 TP3 : 84.1K
🎯 TP 4 : 83.9K
🔴 Stop loss : 85.9K
Make sure to trail your SL and take profits in batches! And enter only with good confirmation as always..
Besides, another key level to watch is at 83K, if this is breached then we have a confirmed bearish M pattern or double top, which means we are heading for potential major correction!
Guys and gals, It takes me alot to make these posts and I really appreciate your feedback— it helps me improve my writing game! So thank you. 🥰
DYOR
Follow me
dr_mt
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
3
0