MU_Traders
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BTC Another Crash Up To $70K Is Loading…..
🔸 For the past four weeks we have been repeating one thing only that $BTC will crash up to $74K. Now it exactly crashed up to the $74,450 level we mentioned as the first support zone and the second was at $73,660. Just after tapping the first support zone it bounced back up to $81K due to Trump's 90-day tariff postponed decision. Here is an attached image of how it played out.
In today article we are going to discuss following topics:-
BTC Technical Analysis BTC Volume Analysis BTC Fundamental Analysis My Personal Portfolio Management
1. BTC Technical Analysis
🔸 If we look technically is continuously dropping and completely in downtrend in every bigger time frame like 1D, 1W.
🔸 Currently forming a falling wedge whose breakout can ignite a bullish move. So far, continuous rejection.
🔸 If we keep this setup in mind and no breakout currently expected due to lack of demand we can see another fall up to $70K zone.
🔸 So in short words if I say, technicals are bearish we can see another crash up to $70K in the next few days.
2. BTC Volume Analysis
🔸 If we look on volume it can provide a better direction of the market.
🔸 Look at the above chart, two candles marked with 2 arrows green and red. Also a price move with green oval shape and a volume with green arrow.
🔸 If we look at the red arrow marked bar it is showing strength in price as volume increased too much but price after that moved upward. (Exactly at the low of $74,450 we marked bottom near on that basis).
🔸 Just after that red arrow price bar Trump postponed tariffs for 90 days. That caused a huge upward move up to $81K+ with 3/2 volume as compared to red bar volume showing exit of money entered in red arrow bar. It’s showing bulls are also bullish for the short term and expecting another dump.
🔸 So we should also exit at $81K+ if the market allows and wait for the crash.
🔸 Another thing marked in green oval shape. Price is increasing but volume is decreasing. That is a sign of weakness.
🔸 It is showing people are not interested in market rise. So it is also showing #bitcoin should go down.
🔸 In short words volume is also bearish and showing another dump up to $72K where recent lows will be sweeped.
3. BTC Fundamental Analysis
🔸 The most important thing according to the current market situation is fundamental.
🔸 If we look at fundamental news there are two things. First one iran & israel 💩 conflict and second one Trump another 104% tariff on china.
🔸 First one is not very active right now. Once it happens we will discuss it. Right now we will discuss only tariffs.
🔸 Currently Trump postponed tariffs implication on all countries for next 90-days except china.
🔸 Also 104% more tariffs applied on china by Trump. That is a completely bearish sentiment.
🔸 Until trade war reaches a final decision we are bearish fundamentally.
4. My Personal Portfolio Management
🔸 As I always said, 40% analysis and 60% management matter. So, here is how I am going to manage my portfolio.
🔸 Currently 13 coins buying orders triggered out of 20. For some coins 2, for some 1 and for 1 coins 3 buying orders triggered. Still I am holding 63%+ in stable coins. Here is proof:
🔸 Right now I am looking for profit booking. If the market allows to visit up to $80K or + I will plan my exit and will try to shift at least 95% to stable coins.
🔸 Once I sell I will inform you too and will wait for another crash.
🔸 If the market crashes without visiting the $81K zone my remaining 63% USDT will be used to buy the dip.
🔸 That is how I am planning to deal with market moves.
🔸 If I wind up then I will say book profits all the way up to $81K partially if you bought on a recent crash and once you book profit wait for another crash up to $73K or $70K. We will inform you once we buy again.
🔸 If you find this article helpful then do not forget to like repost and share with friends.
In today article we are going to discuss following topics:-
BTC Technical Analysis BTC Volume Analysis BTC Fundamental Analysis My Personal Portfolio Management
1. BTC Technical Analysis
🔸 If we look technically is continuously dropping and completely in downtrend in every bigger time frame like 1D, 1W.
🔸 Currently forming a falling wedge whose breakout can ignite a bullish move. So far, continuous rejection.
🔸 If we keep this setup in mind and no breakout currently expected due to lack of demand we can see another fall up to $70K zone.
🔸 So in short words if I say, technicals are bearish we can see another crash up to $70K in the next few days.
2. BTC Volume Analysis
🔸 If we look on volume it can provide a better direction of the market.
🔸 Look at the above chart, two candles marked with 2 arrows green and red. Also a price move with green oval shape and a volume with green arrow.
🔸 If we look at the red arrow marked bar it is showing strength in price as volume increased too much but price after that moved upward. (Exactly at the low of $74,450 we marked bottom near on that basis).
🔸 Just after that red arrow price bar Trump postponed tariffs for 90 days. That caused a huge upward move up to $81K+ with 3/2 volume as compared to red bar volume showing exit of money entered in red arrow bar. It’s showing bulls are also bullish for the short term and expecting another dump.
🔸 So we should also exit at $81K+ if the market allows and wait for the crash.
🔸 Another thing marked in green oval shape. Price is increasing but volume is decreasing. That is a sign of weakness.
🔸 It is showing people are not interested in market rise. So it is also showing #bitcoin should go down.
🔸 In short words volume is also bearish and showing another dump up to $72K where recent lows will be sweeped.
3. BTC Fundamental Analysis
🔸 The most important thing according to the current market situation is fundamental.
🔸 If we look at fundamental news there are two things. First one iran & israel 💩 conflict and second one Trump another 104% tariff on china.
🔸 First one is not very active right now. Once it happens we will discuss it. Right now we will discuss only tariffs.
🔸 Currently Trump postponed tariffs implication on all countries for next 90-days except china.
🔸 Also 104% more tariffs applied on china by Trump. That is a completely bearish sentiment.
🔸 Until trade war reaches a final decision we are bearish fundamentally.
4. My Personal Portfolio Management
🔸 As I always said, 40% analysis and 60% management matter. So, here is how I am going to manage my portfolio.
🔸 Currently 13 coins buying orders triggered out of 20. For some coins 2, for some 1 and for 1 coins 3 buying orders triggered. Still I am holding 63%+ in stable coins. Here is proof:
🔸 Right now I am looking for profit booking. If the market allows to visit up to $80K or + I will plan my exit and will try to shift at least 95% to stable coins.
🔸 Once I sell I will inform you too and will wait for another crash.
🔸 If the market crashes without visiting the $81K zone my remaining 63% USDT will be used to buy the dip.
🔸 That is how I am planning to deal with market moves.
🔸 If I wind up then I will say book profits all the way up to $81K partially if you bought on a recent crash and once you book profit wait for another crash up to $73K or $70K. We will inform you once we buy again.
🔸 If you find this article helpful then do not forget to like repost and share with friends.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
