Popwwe123

At the moment BTC is losing a very important historical support line, If BTC does not get back above the support then trouble is near. BTC is retesting the historical line but now it seems like the loss of the support became resistance which is very bad for the bulls. (Basic Analysis update for my previous post which is based upon the 1day chart) Overall Bitcoin seems extremely bearish and seems very likely that this major support line will be lost due to strong selling pressure

The next couple of days is critical for Bitcoin and for the entire Cryptocurrency market. Bitcoin has a chance to rebound to previous levels or collapse under the support causing the entire market to crash in value. As we can see BTC is testing historical support around the same area a golden Fibonacci line is present based on the start of the entire bull run. Bullish Signs: Buying Volume starts to increase not only for normal buyers but for whales The price rebounds to $31,600 retesting the golden Fibonacci line and using it has support Bitcoin in the upcoming weeks has lower lows and higher highs for longer timeframe charts Bitcoin retakes the daily 20MMA and the 50MMA lines Bearish Signs: Selling volume starts to increase while buying volume is stagnant BTC completely breaks through the $28,500 - $29,000 range BTC continues to have lower highs to lower lows in the upcoming days/hours What happens if BTC lost the last line of support? If BTC loses the last line of support then it will not crash the price very quickly but will be the final indicator of proving that the bull market is over. If the support is broken the next historical support is around the $20,000 - 21,000 area, even if BTC takes months or years to hit regardless it's a good opportunity to buy in around those levels. BTCUSDUpdate: BTC is already pushing down below the critical support line, If BTC closes below the support line it will not be good for the bulls.Bitcoin broke down from the critical historical support line, for BTC to be bullish for the next Bull Run the price must break above the support line once again and hold above

What does the bullish future hold for gold in the upcoming months? Will Gold just continue to go higher and higher due to inflation or will Gold have 1 last good pullback before we see Gold taking off 🚀 🚀 🚀... Scenario 1: Gold will continue to push higher and test resistance's and supports while having slight pullbacks throughout its run. OR Scenario 2: Is a good size pullback in the near future for Gold, and when it does have the pullback does happen it will create a new buying opportunity for investors to stake up on gold before it explodes in value. (Either Scenario that happens Gold is still extremely bullish and would recommend all investors/traders to buy physical gold to maintain and grow your wealth against Inflation of the US Dollar...)Gold needs to break and close above 2100$ to see real movement, at the time of this update gold on the weekly chart has constantly gained higher lows while getting rejected at 2000$ - 2100$ range...

Sorry to say this bulls but right now through a momentum POV, Bitcoin looks bearish and is most likely going to be a dead cat bounce Intill we can find a new bottom to build up from. When looking at the data BTC is below all key MA's and support lines and it's unrealistic to think that BTC is going back to 64k in a couple of weeks In my opinion. 27K area could be a nice bounce because thats where the golden Fibonacci support line is located and could be another swing trade opportunity if your an advanced trader. Again the BEST buying opportunity is 20k flat, thats when you start loading up on Altcoins and BTC and hold, if another bull-run starts you can make incredible gains of 10x or higher if your holding great Altcoins. Momentum Indicators (Daily timeframe) Williams alligator: Bearish DMI: Bearish Directional Momentum Chart: Bearish because of the fact its creating lower high's. Also known has (Bearish divergence)

Here is a simple chart HODL/Longterm traders can use to find the best buying zones. Hopefully you can use this to help you find the best buying opportunities possible.