Review today's live trading session & setup I shared!
To sum up: This is a very indecisive period and tricky moment for traders! $BTC could be forming an H4 bullish triangle, meaning that if it play well, bulls could retest the 98,000 - 100,000 or even 103,000 levels 📈
But; Most #alts are bearish and stuck under monthly / weekly resistance! ⚠️📉 (Sideways phase) - before a higher retest, or another bearish break?
My bias remains bearish for most #alts 📉. Under key levels, it feels very risky to take long entries. (medium term)
I also delivered some good short plays in my stream. #DYOR
You know what, guys? I'm taking a long position here on $BTC 📈 [+/- 89,500$]
I believe this scenario could play out well as long as #BITCOIN price hasn't broken under the LL (88,000) and lower support at 84,000. And it still holding above the weekly Uptrend.
Despite the fact I'm bearish for the medium term, I believe that whales and market makers will trigger higher liquidation heatmaps🚨& revisit the 98,000− 100,000 previous key support.
After that, if the setup plays out well, bearish continuation will likely occur, depending on the bearish rejection 📉🔴
Taking my chance here. I'll cut if we break under $ 87,500.⚠️
Personal setup only. Not financial advice. Share if you believe in it.✍🏻
Very flat PA inside the yellow zone here. Ascending triangle in play, or bearish continuation structure? 📉 Weekly uptrend still holding for now.
Upper key levels: 94,500 & 100,500 ⚠️ Hard to say yet, because the current price zone remains pretty neutral on the monthly, weekly, and even daily basis! ⏳
Will weekly support hold? 📈 Or is it a bearish breakout & retest on the weekly basis? 📉
In my opinion, regarding also the macro-economic news, there's a 70%+ chance to see another crash 📉, but nothing is certain above the $ 79,000 level!
Remember that a weekly candle close under 80,000− 79,000 could trigger a long-term sell signal & bear market start! 🚨
50 - 52k could be the ultimate bottom to me. Momentum is shifting on the long term here, we could enter in a multi month sideway / bear market before a real bull run.
Neta Derricott rN4J
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You are several analysts expecting a drop at these levels to finalize the cycle.