MA200 Confirmed Resistance Confirms Major Crash (Final Warning)

5 ต.ค.

Good night my dear reader, I have an important analysis for you today. This is likely the final warning before a major crash, a long-term bearish continuation move.

Bitcoin produced a failed signal when it failed to stay above MA200 recently in late September. This major resistance level is confirmed by the fact that Bitcoin closed five sessions/candles below it.

If you are having doubt about Bitcoin's next move, let it go, you do not need it; it is going down.

If you are having hope about Bitcoin moving up before moving down, let it go, it is a waste of time and energy and it soon can turn out into a waste of money if you are positioned in any way that isn't bearish.

The market is going down, Bitcoin is going down and I am here to warn before the event happens. I am here as a beacon of light to guide your soul in a very important moment. I hope to be able to be of service to you.

The chart is bearish in so many ways.
The bearish bias shown on this chart is confirmed in so many ways, where to start?

The DXY is bullish and this has an inverse relation with Bitcoin.
Tether Dominance (USDT.D) is also bullish and this too moves contrary to Bitcoin.

The geopolitical situation is quite messed up right now and this puts bearish pressure on the market.

The FED is cutting interest rates after years of rising interest rates. When this happens, the market tends to crash.

There is a presidential election in the USA. The market tends to be 100% bullish after the election. Before the elections it can be quite shaky.

All the major stocks, the world giants, peaked recently and some even in July and have already confirmed lower highs, which means that they have been dropping for more than two months.

Bitcoin has been going down for almost 7 months and is about to reach the climax of the corrective phase, a.k.a., a massive crash.

Bitcoin's last bullish wave, from November 2022 through March 2024, lasted a total of 16 months. While the entire growth phase was super long, most of the growth happened in just a few months. In the last three. It took almost seven months of consolidation to produce these three months of growth.

The bearish consolidation has been going for 6.5 months. The meat of the bearish move can happen fast and strong just as it happened with the meat of the bullish move. Long consolidation before bullish breakout, long consolidation before bearish breakdown.

If you are spot, simply a holder, this might not be a big deal because it will all be over in a matter of months. But if you are doing leverage, just keep in mind that recently more than 600M worth of LONG positions were liquidated and the whales are getting ready to liquidate twice as much. Are you going to be in that pack? I don't know.

The chart is bearish and Bitcoin is going down.
I am telling you so.

You don't have to belief me of course, just look at the chart.

You can corroborate all the data points that I just shared.
This is all unbiased technical analysis, with a high level of success.

Thank you for reading.

You are appreciated.

Your comments are welcomed.
Post anything that comes to your mind... We want to read what you have to say.

I love you.

Namaste.

6 ต.ค.

การซื้อขายยังคงดำเนินอยู่

The longer Bitcoin trades below MA200, the stronger the bearish bias and drop that follows.

We have two levels now to negate the bearish potential/strengthen the bullish case.

1) Move and close above 66,500$ weekly. This would produce a new higher high and thus weaken the current bearish structure. We use weekly because prices can move a few days above resistance just to move back down the next day; fakeout or bull-trap.

2) Move and close monthly above $71,000. This would invalidate the entire lower highs and lower low pattern. We use monthly because prices can move a few weeks above resistance just to come crashing back down the next week.

As long as Bitcoin trades below 66,500 (short-term) or below 71,000 (long-term), the bearish bias remains intact.

➢ Bitcoin continues bearish.

Thank you for your support.

Namaste.

6 ต.ค.

ความคิดเห็น

1H timeframe:

7 วันที่ผ่านมา

ความคิดเห็น

We are seeing another rejection right at the daily MA200 (63,554) resistance:


Closing below MA200 would be a strong bearish signal and, another, confirmation of the bearish bias and potential.

4 วันที่ผ่านมา

การซื้อขายยังคงดำเนินอยู่

Bitcoin is now entering merge territory. Watchout.