Bitcoin chart analysis
The situation has not changed since our last forecast. We removed the low at $18,500 (in liquidity zone 1)
We have a liquidity zone below $17,600 where there is a big chance to go down (liquidity zone 2)
Now the market is very fishy with a lot of fake movements, a similar market was in early May and early June, after that Bitcoin showed new waves of decline.
Therefore, we must warn you against opening new positions while bitcoin is in such a flat and knocks out stops in 2 directions.
We would looking for Bitcoin purchases after fixing above 50 and 100 moving averages, because before that we had 2 unsuccessful attempts to break through.
The magnitude of the falling wave on Bitcoin will depend on world news, stock indices and the dollar index.
As long as the trend is upward on the dollar index, which is bad for Bitcoin, there is no point in working against the trend.
For Bitcoin to fall far below 17k we think we should see some kind of unexpected news that will shock all markets, like a nuclear strike, a big bank/exchange bankruptcy and like the recent Luna or other similar shocks.
#Cardano has already broken its latest lows as we suggested , which may be a forerunner of a fall for the entire market as it is a top altcoin.
We have a liquidity zone below $17,600 where there is a big chance to go down (liquidity zone 2)
Now the market is very fishy with a lot of fake movements, a similar market was in early May and early June, after that Bitcoin showed new waves of decline.
Therefore, we must warn you against opening new positions while bitcoin is in such a flat and knocks out stops in 2 directions.
We would looking for Bitcoin purchases after fixing above 50 and 100 moving averages, because before that we had 2 unsuccessful attempts to break through.
The magnitude of the falling wave on Bitcoin will depend on world news, stock indices and the dollar index.
As long as the trend is upward on the dollar index, which is bad for Bitcoin, there is no point in working against the trend.
For Bitcoin to fall far below 17k we think we should see some kind of unexpected news that will shock all markets, like a nuclear strike, a big bank/exchange bankruptcy and like the recent Luna or other similar shocks.
#Cardano has already broken its latest lows as we suggested , which may be a forerunner of a fall for the entire market as it is a top altcoin.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.