LordDobesDaTAGod

Expecting a bearish move to $80,000 zone (Potential Support)

I'm looking at the market making this move. Based on my strategy, the market looks more bullish. The market pulled back to -0.7 level (green) which a signal to buy just like it did previously at 0.7. NOT FINANCIAL ADVISE.

I'm looking at this move to happen in order to push higher. Why? 1. The price failed to break the previous high. 2. Previous low broke below the red 50% level and yellow (30%) 3. A red candle closed below the green line and a bullish candle started below which could signal a bearish move down. If the price closes above the trendline, I know the price may likely push to the resistance. If it closes below the trendline and green zone, the short term bearish move is confirmed. The best and safest confirmation is a break and retest of the descending trendline+ the resistance zone at 27K

I'm looking at this setup. The price broke the previous low and found support at -1 area and it looks like the price wont be making a new high. So I'm expecting a new low and I will be shorting to $0.45738 area. I'm waiting for confirmation to enter this trade

I'm looking for these 2 moves. I think BTC still has some more juice but needs liquidity. My longterm view is bearish.So far so good :)Almost there! 🤑

1. 2 rejections of the descending trend line and a break of the trend line. 2. The price pulls back to the 0.70 level (This level more consistent than 0.618, which is overrated, because 0.7 is a masculine number) 3. Price breaks the trend at 0.50 level signify and end to the downtrend. 4. Price pulls back to the descending trend line and the ascending trend line forming the X/crossing (X marks the spot) 5. Resistance at the 0.70 level turns to support ( Double top M turns to Double bottom W, it failed to hold at the 0.5 so it comes down to the 0.70 zone) 6. My target is 0.65. Why? Because the previous support hasn't been retested as resistance. Also the yellow lines are weak, the price never breaks a previous high or low unless it breaks below the 100 level or above the 0 level. 7. I will wait for a reaction at the 0.5 level, and see what the price is showing me and trade accordingly.Target done :)