Crypto Market VLOG #23 - BTC Bearish sideways action
We tried a 2nd time to break 51k, failed. We couldn't break the recent high when we should be expecting lots of buyer support for a strong rebound.
I have a minor ascending triangle that we are currently breaking down below on the 1hour. If we establish another low below 49k here... its weaker than a 60 year-old mans weewee stream with a 14 carat kidney stone.
We aren't getting key volume and enthusiasm in breaking these minor challenges like the 51k resistance. IMO buyers are still spooked, the market is spooked and thinks price is coming down. If the market thinks price is coming down, then I think price is coming down!
We need a spurt of buying to give us another day of ranging otherwise we come down to test 48k and possibly 46k. Looking at it right now, my prediction is 48k minimum over the next 8 to 12 hours.
Big thanks and shoutouts to the great efforts of todays trading view idea authors = @TradingShot, @Babenski, @Mihai_Iacob, @AlanSantana
-----------=-----------
-=- TimeStamps -=-
-----------=-----------
0:00 = Welcome!
0:10 = HTF BTC Update
2:00 = Weak ascending triangle
4:00 = Death Cross 4h/50+100MA
8:00 = MY PREDICTION TODAY
13:30 = @TradingShot - Death Cross
15:35 = @Babenski - BTC possible movements
16:30 = @Mihai_Iacob - 42k short play
17:10 = @AlanSantana - perpetual bullishness
18:25 = cryptopanic news
19:30 = Closing words
-----------=-----------
If you get a chance tap me a follow and sub on my socials!
I have a minor ascending triangle that we are currently breaking down below on the 1hour. If we establish another low below 49k here... its weaker than a 60 year-old mans weewee stream with a 14 carat kidney stone.
We aren't getting key volume and enthusiasm in breaking these minor challenges like the 51k resistance. IMO buyers are still spooked, the market is spooked and thinks price is coming down. If the market thinks price is coming down, then I think price is coming down!
We need a spurt of buying to give us another day of ranging otherwise we come down to test 48k and possibly 46k. Looking at it right now, my prediction is 48k minimum over the next 8 to 12 hours.
Big thanks and shoutouts to the great efforts of todays trading view idea authors = @TradingShot, @Babenski, @Mihai_Iacob, @AlanSantana
-----------=-----------
-=- TimeStamps -=-
-----------=-----------
0:00 = Welcome!
0:10 = HTF BTC Update
2:00 = Weak ascending triangle
4:00 = Death Cross 4h/50+100MA
8:00 = MY PREDICTION TODAY
13:30 = @TradingShot - Death Cross
15:35 = @Babenski - BTC possible movements
16:30 = @Mihai_Iacob - 42k short play
17:10 = @AlanSantana - perpetual bullishness
18:25 = cryptopanic news
19:30 = Closing words
-----------=-----------
If you get a chance tap me a follow and sub on my socials!
