Know we confirmed to go short for previous analysis.
JO DK
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$BTC possibility shows bearish sentiment.
After hitting strong resistance BTC price is now reacting for the resistance pressure.
This reaction is either reaction before break or reaction to reverse.
In my point of view, it is reaction before break because as resistance is tested multiple times the selling pressure at level gets weaker so i expect the resistance level will be broken, but not for continuation it's for trap breakout traders.
If you are confused about the resistance which I'm talking about see my previous post. It's the resistance of falling channel.
The break of the resistance will take weeks, for now let's talk about the current market sentiment.
As i mentioned above this reaction for the resistance, will fall furthermore.
#1 The possible fall after Head and shoulder pattern.
price made H & S pattern at resistance level, which shows bearish market sentiment.
the break of the support will confirm the fall, see pic 1.
#2 The possible fall after Double top pattern.
price made double top pattern in addition to the break of neck line and price retested the neckline, which shows bearish market sentiment.
the break of support will confirm the fall, see pic 2
#3 Price made Cup with handle pattern at support level.
price made cup with handle pattern at current support level, which shows selling pressure is trying to pass the support, if the support broken seller take full control until they found another support level.
wait the breakout of the level, see pic 3
With above three conditions market sentiment shows bearish market, wait for the breakout of support then go short.
After hitting strong resistance BTC price is now reacting for the resistance pressure.
This reaction is either reaction before break or reaction to reverse.
In my point of view, it is reaction before break because as resistance is tested multiple times the selling pressure at level gets weaker so i expect the resistance level will be broken, but not for continuation it's for trap breakout traders.
If you are confused about the resistance which I'm talking about see my previous post. It's the resistance of falling channel.
The break of the resistance will take weeks, for now let's talk about the current market sentiment.
As i mentioned above this reaction for the resistance, will fall furthermore.
#1 The possible fall after Head and shoulder pattern.
price made H & S pattern at resistance level, which shows bearish market sentiment.
the break of the support will confirm the fall, see pic 1.
price made double top pattern in addition to the break of neck line and price retested the neckline, which shows bearish market sentiment.
the break of support will confirm the fall, see pic 2
#3 Price made Cup with handle pattern at support level.
price made cup with handle pattern at current support level, which shows selling pressure is trying to pass the support, if the support broken seller take full control until they found another support level.
wait the breakout of the level, see pic 3
With above three conditions market sentiment shows bearish market, wait for the breakout of support then go short.
#1. There is buy side imbalance and sell side inefficiency in BTC market.
#2. Also report says 90% of BTC holders are now in profit. So do you think the price will continue to increase? I don't think so, if all people is in profit, who is gonna balance it? Do you think 90 to 10 is balanced? I say no, So market must correct this imbalance and inefficiency.
#3. Even the last seen bull run from 59k to 68k is to collect buyer to hit their SL. I think now it collected enough buyers or may little space remains.
This imbalance could cause the big crush on market
This bear move toward 64.9k may cause the crush or market will manipulate buyer by another bull move before crush.
Trade analysis not your wish.
Sorry am not here to fulfill your wish. I'm here to analyze the market.
If you have open buy trade close in appropriate manner. Because BTC price is reached it's crucial resistance range Which could kill the current bull momentum.
I know you say " this is nightmare, wake up bro" Most people post reactions, they post after bull or bear is already happening. But my post is pre-action, i post before bull or bear is happening due to analysis.
This resistance will cause the most huge crush since March 2024, That could dump BTC price to below 45k.
There are two scenario that this crush will happen.
The first scenario is direct rejection from this resistance level.
After hitting the resistance level yesterday price made strong rejection from the level, since that rejection the price shows loss of momentum of bull side.
This bull side loss of momentum could be the beginning crush.
we have been listening new released music called "uptober".
I will analyze the three consecutive OCTOBER then you will predict what will happen in third October.
October 2022
on October 2022, as you can see on the pic the price was already on uptrend and price fall on correction to the confluence of order block and golden ratio, then caused uptober.
key point + uptrend + correction + strong support
October 2023
on October 2023 price was clearly in uptrend and price fall on correction phase to order block with dip retracement, then caused uptober.
key point + uptrend + correction + strong support
October 2024
Now October 2024 is in consolidation or correction phase, there is no clear trend. The consolidation or correction doesn't hit strong support yet.
key point + no clear trend 🙅♂️ + correction or consolidation 🙋♂️ + no strong support 🙅♂️
Conclusion October 2024, fulfills only one out of three of key point of the last two October those caused uptober.
As i predicted BTC price successfully landed on its expected level.
congrats family.
Next BTC move Loading.....
JO DK
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#Bearish BTC
Next BTC price target
BTC price has been experiencing long consolidation phase, now it seems broken the consolidation to up side but it will go #down to range of 61.3k to 60k, as bull is overwhelmed.
But its not finished its bull momentum. so trading short cautiously is the point.
NEIRO price is successfully landing on it's expected price level.
you would say it doesn't reach 0.001020 yet, yes, there will be liquidation around there as i mentioned but as a trader you have to take your profit before liquidation because you can't be sure how it will react after liquidation. That's why i posted earlier.
NEIRO price is successfully landing on it's expected price level.
you would say it doesn't reach 0.001020 yet, yes, there will be liquidation around there as i mentioned but as a trader you have to take your profit before liquidation because you can't be sure how it will react after liquidation. That's why i posted earlier.
$NEIRO next move? Loading....
JO DK
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$NEIRO
Next NEIRO move
According to my view NEIRO target sell side liquidity below 0.001020.
Let us improve our Analyzing skill through discussion
Write on comment section.
what do you think? 1, 2, or 3 Which one is going to happen? And the reason why?
Untill $NEIRO listed it has been leading the crypto market by its significant move, specially the move that exceeded 75% gain within two days in the beginning of this week.
According to your analysis in which direction the next significant move you expecting?
BTC price has been experiencing long consolidation phase, now it seems broken the consolidation to up side but it will go #down to range of 61.3k to 60k, as bull is overwhelmed.
But its not finished its bull momentum. so trading short cautiously is the point.
It has been awhile since my last post, actually i was sick. Now I'm back and am fine.
I Don't know how much you followed this but as my Sep. 6 post short term bull is already hit the target( i said target range 59k to 61k). Now price is getting back on its major direction down.
From now on we will see sharp decline. I will be back with detail in my next post.
I am back with my family. Unstoppable and Unbeatable DKT view Family.
JO DK
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#Bullish BTC
Only Educational, Take according to your own strategy.
Short term Bullish is coming.
Market Sentiment
why Bullish? After drastic fall price is exhausted, in order to get its momentum again there has to be correction to upside.
Correction Target
target is the range between 59k to 61k.
what time
i think there will be consolidation or accumulation within this weekend. And the move will start at the end of this weekend and the beginning of next week.
Target Achieved price hit 55.6k the bounced back to 58100
JO DK
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Bearish Day
As I predicted we started the day by negative or red.
from previous post
Don't trip, some of you may frustrated because of price climb to 58k from 56.6k, you have to know that this kind of price extension is expected specially when the start of fresh trend untill the opposing momentum died. Also as i said on comment section that there was stop loss above 56.9k that taken out first. That's why i said put your stop loss higher than 57.3k according to you entry level.
Giving enough time and space for opened trade is crucial in trading.
The day is red, according to my analysis the day 10/09 will end bearish.
Keep in touch Join our unstoppable DKT view family.