Real danger zone!
Hi friends, I haven't done a BTC analysis for exactly 1,5 months, this is because it makes no sense to analyze something that hasn't given important signals in these 2 months.
The last analysis so far has proved to be correct and in fact it is following what was the option number (1) LATERALIZATION followed by an important drop, option (2), this makes me very happy because it means that the analyzes are correct .
Let's start by saying that BTC is weaker than Nasdaq and at a fundamental level for me it is not bad news, on the contrary ... personally I hope that it will completely detach itself following its own market which would make BTC a market with its own character and would influence it in meaningfully. adoption. attributing a value that is no longer linked to an index.
Now let's see the graph.
There have been two negative months in terms of information with inflation beyond the assumed figure, gas and electricity prices skyrocketing, but despite everything BTC always fluctuates between 20k and 23k and that's good.
On a graphic level, however, a situation has occurred that does not give me hope for the month of September and usually this conformation is right for a good 70%.
There has been a breakout of an important support at 22k which has been standing since 21st July, but the thing that makes it bearish is the fact that the breakout happened with large volumes (one of the highest volume candles), the which makes it even more significant and brings fear to the markets, having strongly broken the MA 30/10 candle.
it is still perfectly inside at the bottom of the channel but this little bear flag drawn in white, in my opinion, will bring the price between 19.5k and 19k already in the next week or maybe even sooner.
if instead BTC will take a breath, in my opinion, it will not exceed the MA60 (yellow) at the price of 23200, and then fall back into the abyss, EXCEPT FOR POSITIVE NEWS THAT COULD CHANGE THE CARDS ON THE TABLE.
I stay short and continue to accumulate, these times will end.
Let's see what happens and if once again we have seen it well.
What do you think?
The last analysis so far has proved to be correct and in fact it is following what was the option number (1) LATERALIZATION followed by an important drop, option (2), this makes me very happy because it means that the analyzes are correct .
Let's start by saying that BTC is weaker than Nasdaq and at a fundamental level for me it is not bad news, on the contrary ... personally I hope that it will completely detach itself following its own market which would make BTC a market with its own character and would influence it in meaningfully. adoption. attributing a value that is no longer linked to an index.
Now let's see the graph.
There have been two negative months in terms of information with inflation beyond the assumed figure, gas and electricity prices skyrocketing, but despite everything BTC always fluctuates between 20k and 23k and that's good.
On a graphic level, however, a situation has occurred that does not give me hope for the month of September and usually this conformation is right for a good 70%.
There has been a breakout of an important support at 22k which has been standing since 21st July, but the thing that makes it bearish is the fact that the breakout happened with large volumes (one of the highest volume candles), the which makes it even more significant and brings fear to the markets, having strongly broken the MA 30/10 candle.
it is still perfectly inside at the bottom of the channel but this little bear flag drawn in white, in my opinion, will bring the price between 19.5k and 19k already in the next week or maybe even sooner.
if instead BTC will take a breath, in my opinion, it will not exceed the MA60 (yellow) at the price of 23200, and then fall back into the abyss, EXCEPT FOR POSITIVE NEWS THAT COULD CHANGE THE CARDS ON THE TABLE.
I stay short and continue to accumulate, these times will end.
Let's see what happens and if once again we have seen it well.
What do you think?
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