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BTCUSD (Weekly)
Nothing really changed on the weekly scale price is almost the same as it was last week.
My thoughts remains the same. You can re-read the above messages if you missed.
Stay safe..!
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As i said there is no reason now to call more lower prices but giving you a small little update for future that if price breaks and hold below $24200 on the weekly chart.
That will most likely open the doors for $19500-20,000
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Weekly support and Daily demand is sitting in this zone so so don't blindly short it. you don't have any reason now.
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Pretty bad weekly close gave back that green Blackrock ETF candle,
Technically its still somehow above the key level of $24300-$25200 as long as price is holding above that level i'm neutral at this point because now price is technically at support area and i don't want to be bearish at support
i flipped bearish at $30k you all know that i was giving my updates.
I'll make another update if i see any changes.
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You all were warned multiple times that bitcoin is weak.
Price took longer than expected but it was still trading under that major level.
I hope atleast some of you listened and didn't get caught.
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Nothing much changed in the market guys.
Try staying away from Altcoins.
I don't see any reason to rush into altcoins.
Just do not buy
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Forecast was lower than expected
This is why people are chasing the market up and you saw some green candles
They only see if the number is red or green. (Higher or lower)
They ignore the actual fact. And that's inflation increased.
Wait for 1-2 hrs once nyse opens we will see where its going to head.
And For those who don't know. Increasing inflation is bad for Bitcoin and gold.
Higher inflation number means more rate hikes.
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Nothing much to update regarding the charts as price hardly made any move last week.
just wanted to remind you that This week some important fundamentals will be released
US CPI DATA - Thursday
Bitcoin ETF Decision 13 August
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bitcoin did nothing even after a Bad NFP data
Bulls are not showing any strength while stocks are going up.
i wouldn't be surprised if bears take over soon if BTC continues to show the weakness.
