BITCOIN LONG TERM ANALYSIS

17 May 2023

The last true and visible trend on Bitcoin was bearish. This was the downtrend from 48,000- 17,500, and the trend lasted from March to June 2022. Since then, Bitcoin has been consolidating, almost a year to date. Even after the collapse of FTX and several other exchanges last year, there was little reaction on the actual Bitcoin chart. It will take time for investors to be confident in Bitcoin again, but I am almost certain we will see another bear trend in 2023.

25 Haz 2023

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Watch for the double top and sell!

30 Haz 2023

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Don't be tempted to sell, until Price tags 33000.

4 Tem 2023

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Price is almost at the selling zone. There is a consolidation on H4. Now we wait for a bull trap ( fakeout) to 32500 before selling.

7 Tem 2023

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Don't sell Bitcoin just yet. Selling price is about 33000.

13 Tem 2023

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Patience is a virtue. Patience pays, especially in trading. Wait and sell only at 33000

1 Ağu 2023

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Looks like price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.

3 Ağu 2023

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BTCUSD setting up for a nosedive !

5 Ağu 2023

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200 PIPS STRONG !

22 Ağu 2023

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500 PIPS ON BTC !

31 Ağu 2023

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Its very likely that the weekly candle will close as a shooting star !

1 Eyl 2023

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The weekly candle will close at new lows as the NFP is expected to add more fuel to the fire !

2 Eyl 2023

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New lows on the current downtrend as BTC tags 25500 !

13 Eyl 2023

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25000 is the new low on the BTC downtrend, a break below 24500 will expose BTC to new lows below previous support @ 19500 !

1 Kas 2023

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Watchout for the FAKEOUT !...The fall of BTC is inevitable !