Full-time Crypto Trader since 2017 πΊ
Joined October 2018
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9 Nov 2021
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#Bitcoin #Crypto
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$BTC is sitting right above its major 8-yr trendline..!!
If Bulls defend this level and build a base, we could be witnessing the early stages of another mega bull run..
Bitcoin could briefly sweep liquidity around 54-55k, shake out weak hands & then Reverse into a massive Bullish expansion..πͺ
For now, Patience is key.. Next few weeks could determine the longterm direction of #Bitcoin..π
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As I mentioned in the past few days, #Bitcoin was likely to create Buying momentum to trap buyers & thatβs exactly whatβs happening now.
At this point, Buyers may get stuck because bitcoin:native has already swept liquidity. In the coming days, Iβm expecting Bitcoin to move toward the 67β68k zone.
If the Bearish Flag breaks to the downside, then my next target would be around 54β56k,but we should wait for confirmation..
As for #Altcoins, they are still in a safe territory for now. As long as Bitcoin continues to move within the Channel/Flag, specific Altcoins can keep pumping.
Iβve already booked profits on many altcoins & I still have a few Positions open..!!
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$BTC Bearish flag has now broken to the downside.. exactly what I had been highlighting over the past few days..
Technically, #Bitcoin is still in a Bearish phase & bears remain dominant. At this stage, Buying the dip would be a Risky decision. In my view, it is better to Remain on the sell side until stronger Bullish momentum appears.
As I have been saying for quite some time, I still expect Bitcoin to see a 20β25% downside move in the Midterm & so far, the market structure is aligning with that view..
Once I find a strong Buying opportunity with clear momentum for a midterm position, I will share a signal here. Until then, enjoy the Bearish Ride.. πββοΈ
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$SWCH looking good here. Added!
Volume has started to kick in, and the chart is forming a double bottom.
First target is around $0.068. If it holds, we could see higher targets around $0.1 and $0.16.
Building the worldβs first decentralized platform for trading tokenized stocks, crypto, and ETFs: all powered by $SWCH.
Trading on MEXC, Gate, and other exchanges.
#Crypto
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$NIGHT 25% Profit so far Since the Breakout..π₯π
I Hope you Guys are Enjoying the RIDE..!!
May 24
$NIGHT Descending Channel Breakout is Confirmed on the 12h timeframe Chart..β
Expecting 40-50% Bullish Rally..π
#Crypto #NIGHT #NIGHTUSDT
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