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TheChartArtist
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Bearish
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#Bitcoin
looking bearish?
Tops feel bullish, bottoms feel bearish—stick to the TA, not the hype! 📉 Trade smart! 🚀
trading $BTC short.
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#Bitcoin Macro Outlook June was a weak month for $btc. Monthly candle showing early signs of an evening star pattern. - Momentum was lost early on in the month after attempting a new ATH (monthly did not make a new higher high) - Weekly timeframe has strong bearish divergence & if price closes below 105K at test to 88k is possible. - Despite the bulls best efforts we saw price failing to make new highs. ( 4hour trending bearish as a result) Hopium: A breakout of said descending channel could see us obliterate $110k and push as high as $150k Levels to watch - Monthly closed with hints of Evening star pattern forming. 98k is bull market support! - Weekly still suggest that price should visit 104 -101k before we can attempt new highs. - This will give time for altcoins to test their respective lows and give us good altcoin entries. Time to be neutral guys. More in todays livestream https://www.youtube.com/live/37bFn-UcnYE?si=4bn9AWAOn69RHKcc
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Trade Update: 4hour timeframe still bearish for $BTC . Why Im still going short. - #bitcoin Consistently Made lower highs as new supply enters & gets tested successfully, followed by lower lows as a result. - Currently supply is preventing a breakout making a retrace to $104 likely. - Zoom out and a Descending channel pattern has formed and an eventual breakout is highly probable. Waiting for a good entry to go long! (🤞104k) https://x.com/TheChartArtist/status/1939652748275831126
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$OP - Time to Buy the Dip? Price just bounced off the $0.40 launch dump lows, flashing strong bullish divergence on the daily chart 📈. Despite the bearish trend, whales are defending this level hard 🐳, scooping up coins from weak hands. This is a low-risk entry for me. Why? If $0.40 breaks, we could see a sharp drop — but the upside potential to $1.20 is worth the risk..
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#Fundingrate flip predicted... #bitcoin has too many long positions at this moment... Longs will probably be squeezed very soon. BTW : Stop limit order is a promise to sell 🤔
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Im still bullish on these #altcoins $NEWT $SOON $SUI
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