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CC Cheat Code indicators suggest a bottom around 60k $BTC now. This is also reinforced by a 3d RSI bull div.
Potentially looking for another bear market rally as high as the 90k's before potentially the final bear market capitulation to 50k or below in Q4 20206. Let's see how this ages.
As crazy as it might sound, this is probably not the time to get really bearish on $BTC after a huge selloff to 60k.
Cheat code indicators showing blue and unless something dramatic happens like Strategy selling more BTC or someone big decides to market dump a few billion...
Decent chance we may be at/near a low here for a while again. Let's see how this ages
Based on this we don't really go much lower than 60k, maybe small sweep and then bounce
unless black swan and Saylor implodes over the weekend... that risk is there for a drop straight to 50k $BTC or below if that happens
otherwise... probably some sort of bounce is decent probability here based on the deviation bands
starting to show some signs of blue now on the $BTC 4h
this can easily take several days and could still wick a bit lower
if we sweep 60k low it might even mean it's local bottom again
Using the CC overlays to scalp $BTC 1m charts, in combination with liquidation maps and even regular charts just gives you a much better edge for choosing your trade setups and entries
$1000 move up since then... beautiful! These overlays are incredibly helpful for making better trading decisions whether it's ltf or htf, crypto or non-crypto charts.
1h $BTC chart = blue... means no shorting into this, possibly close open longs and maybe even punt some longs.
Increased chance for some upside before more downside (HTF still shows more downside likely) but a squeeze to 79k or so completely possible.
We designed this to be a visual aid and easier to see when PA is becoming overbought/oversold for better entry/tp/sl decisions.
1h $BTC chart = blue... means no shorting into this, possibly close open longs and maybe even punt some longs.
Increased chance for some upside before more downside (HTF still shows more downside likely) but a squeeze to 79k or so completely possible.
We designed this to be a visual aid and easier to see when PA is becoming overbought/oversold for better entry/tp/sl decisions.
proper ema ribbon flip and price below ema ribbon now
this has a good chance to lead to a decent amount of downside (maybe $60k) just like last time 4h $BTC
4h $BTC price is now below the ema ribbon and we have a confirmed ema ribbon flip AFTER the red overbought warnings.
When this happened after the blue we got a 15k move up.
Are we about to drop 15k back down towards $60k?
Price is now below the 4h ema ribbon... last time after the blue an ema ribbon flip led to a 20k move up. This time after the red... 20k move down for $BTC?
UDPATE 🚨 We just added several new 1-click overlays that can be put on any chart/time-frame.
Very cool and visually helpful to spot deviations and extreme price moves (up or down) to help determine when to reduce exposure, TP or even look for reversals.
And can you believe this is all 100% FREE?