BTC Panic Phase

١٦ مايو ٢٠٢٣

27,8k was rejected and 27,5k was a strong resistance.

Looks like we going down to 24k... 20k.

An idea about incoming panic phase.

Wouldn't be surprised if we hit 10-12k to be honest.

Don't underestimate the drop power of this market.

Good luck.

١٧ مايو ٢٠٢٣

ملاحظة

Very close to weekly MA200.
If we break it down bulls will be quite scared.

١٧ مايو ٢٠٢٣

ملاحظة

Closer look on the daily chart you can see the MA100 in soft blue.
When this MA turns down, historically since birth, BTC drops everytime 15 to 50% .

١٨ مايو ٢٠٢٣

ملاحظة

Looks like a bear flag

١٩ مايو ٢٠٢٣

ملاحظة

85% drop from the top would be a quite normal % for a BTC bear market.

٢٤ مايو ٢٠٢٣

ملاحظة

Bear flag confirmed.

٢٦ مايو ٢٠٢٣

ملاحظة

Looks like another bear flag forming very similar to the previous above.

٢٦ مايو ٢٠٢٣

ملاحظة

Bear flag update

٣١ مايو ٢٠٢٣

ملاحظة

We might not go so low as predicted but 26-25k is still a possibility.

Ma50 seems to be turning to the upside and pretending to finally cross the MA200 putting an end to the bear market.

١ يونيو ٢٠٢٣

ملاحظة

Crucial moment.
MACD crossed.
Bearish move.

٢ يونيو ٢٠٢٣

ملاحظة

Update:

٥ يونيو ٢٠٢٣

ملاحظة

We broke down the bear flag as predicted.

١٠ يونيو ٢٠٢٣

ملاحظة

This TA initial idea of an huge Head and Shoulder starting to take shape.

١٥ يونيو ٢٠٢٣

ملاحظة

We are touching the 24k.

Getting closer to MA200 daily as expected. It should be around 23,7k .

A strong bounce may happen in this area.