Miss Heaven
The Bitcoin Party Isn’t Over Yet: I’m Not Selling a Single Coin in This Crash
How To Catch This Crazy Bull? — 3 Phase
The crypto joy was going extremely well until Bitcoin started to fall. The state of all coins has deteriorated as a result of Bitcoin.
Should we be concerned about Bitcoin’s decline? I don’t think the crypto joy is over.
Bitcoin flushing is not slashing; rather, it is party preparation. Guys, I’m not spouting nonsense; my thoughts are clear. Let me explain why I believe this.
Chart
In the last article, I also stated that the level of $30000 is a very important zone. Near this zone, the winner of the game between Buyers and Sellers was to be determined. Due to insufficient market volumes, the $30000 level could not be breached.
You must have noticed one thing by looking at the chart that bitcoin went near the level of $30000 many times but it could not touch or go above this level. Seeing this, it was obvious that there is a lot of weakness in the pricing. Poor Bitcoin could not climb the mountain due to its weak condition. To get back the stamina, he will have to eat something, rest a bit, and then start climbing the mountain twice as fast again.
You might have understood everything from this little riddle.
Whatever news is going on in the market, it is not affecting Bitcoin at the moment. The fall is not due to any news, it is just a game of psychology and chart sentiment.
Yesterday, due to the news of CPI, volatility was seen like crazy but this volatility ended in 12 hours. As soon as the volatility in Bitcoin ended, it started back on the bearish track.
Weekly Chart
In the weekly chart, the zone of $30000 to $32000 is a confirmation zone. In terms of confirmation, you must have been correct, this is the Crazy Bull Run indeed. The bull will outrun the horse on this path.
We’ll also discuss how we can make money in this race.
Presently we are running below this confirmation zone. Our eyes should remain on this zone because this is the lamp of Aladdin.
Daily Chart
Here are three crucial trendline drawings on the daily chart. The top trendline has completed its task, and the lower two trendlines have now become active.
Looking at the price movement of Bitcoin, it is now in negative mode. Fear and the grid predict that the bearish mode will prevail as the grid takes control. The trendline has shown how far the price of Bitcoin can fall in the current negative environment.
According to the trendline, we might go closer to 26000 in this fall. Because the price of Bitcoin can not stay beyond $28000, the likelihood of this happening has increased to 80% possibility. The level of $28000 is a special support in itself as there have been 4 big bounces from this level.
The daily chart analysis shows a target of roughly $26500–$26000 zone and a negative trend.
Present
Bitcoin is currently trading at around $27,200. If you look at the 1-hour chart, you can see that it is continually falling by creating a lower-low pattern. In some ways, it has become a falling sword, and catching it too quickly may result in grave wounds in the portfolio.
Wait until the trend converts to higher highs before buying or opening a long trade.
The higher high pattern will be confirmed with complete confidence once the 28000 level is crossed.
With this, it is continuing the downtrend by forming a continuous flag pattern. Consider trading by following these continuation patterns. The only way to make money is to follow a pattern. Follow this trend carefully and benefit by using an appropriate stoploss.
Party Time
Currently, whales are using manipulation techniques in Bitcoin. There are 3 steps in this technique.
- Accumulation
- Manipulation
- Expansion
We are currently in the first phase of accumulation ( Green Zone ), which is soon to come to an end. For the accumulation phase to end, bitcoin will have to trade below $27000. That means the outcome of reaching the $26500-$26000 mark in our daily chart is proving right here.
The manipulation ( Orange Zone ) phase will commence after the accumulation phase is completed. This manipulation’s phase could vary from $27000 to $25000. When Bitcoin leaves this phase, a wild bull run will begin. This bull run will be so fast that no one will be able to imagine. Crazy Bull’s phase will be of expansion.
- Have you thought that how far Bitcoin can go in the expansion phase? Please share your thoughts in the comments section.
Hint
Everyone will be invited to this party, which will undoubtedly take place in crypto, but the invitation will be provided based on a hint. The person who solves this hint will be able to have fun at the party, while the others have to wait outside and watch.
Still, reports of hacks in numerous projects, as well as fraudulent projects such as Pepe Coin, are making their way into the market; be a bit safeguarded from all of these things.
Clap — Share — Comment — Happily ☺
Disclaimer
This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.
