Nice Sunday.
I decided to post my last same chart variation,
estimated at 4hour time frame to be visible.
+Added Fibo and its retracement side.
Everyone have access to all of my variations in " Related Ideas" below this graph.
There is described step by step, why I think Bitcoins would witness more downside
and therefore new low. I posted also some conditions.
What I did not posted was bullish side option, which can happen,
while I am not a fan at the moment.
Into my mind, most of crypto fans and trader stuck at them fundamentals, theories
and posting upside charts to earn some likes. Unfortunately price action and psychology and exchanges
isn't really interested to make you rich.
Let's to it:
1) Deny the Dead Cross and stay above with highs and lows price action.
2) Make and hold above real higher high ( 27500-31000 USD zone ).
3) VIX breakdown below 16 USD level.
4) DXY breakdown below 0.85-0.80 USD ( FED does not planning print to much in 2023) and Stocks rise.
5) Peace agreement between Russia and Ukraine ( unexpected ).
6) CBDC announcement implementation.
7) Oil/Gas//Groceries/Energy high price solution for money value revival.
Everything is surely possible, if we agree or not.
However, there remains a lot of time, to achieve the change.
So I am posting both sides opinion.
Always with care and ready,
Emvo.
*This is not any financial advice.
I decided to post my last same chart variation,
estimated at 4hour time frame to be visible.
+Added Fibo and its retracement side.
Everyone have access to all of my variations in " Related Ideas" below this graph.
There is described step by step, why I think Bitcoins would witness more downside
and therefore new low. I posted also some conditions.
What I did not posted was bullish side option, which can happen,
while I am not a fan at the moment.
Into my mind, most of crypto fans and trader stuck at them fundamentals, theories
and posting upside charts to earn some likes. Unfortunately price action and psychology and exchanges
isn't really interested to make you rich.
Let's to it:
1) Deny the Dead Cross and stay above with highs and lows price action.
2) Make and hold above real higher high ( 27500-31000 USD zone ).
3) VIX breakdown below 16 USD level.
4) DXY breakdown below 0.85-0.80 USD ( FED does not planning print to much in 2023) and Stocks rise.
5) Peace agreement between Russia and Ukraine ( unexpected ).
6) CBDC announcement implementation.
7) Oil/Gas//Groceries/Energy high price solution for money value revival.
Everything is surely possible, if we agree or not.
However, there remains a lot of time, to achieve the change.
So I am posting both sides opinion.
Always with care and ready,
Emvo.
*This is not any financial advice.
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VIX rising, DXY at support, RSI and MACD is bearish + weekly Death Crosses almost on every crypto chart. That long term bearish pattern never happened in entire crypto history. I will monitor monthly ending and February open price action performance.
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Some more upside possible at Month ends and possibly around open temporary:
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Orange is similar to Monthly 50 MA. Working more exactly until March:
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There is also gap around 20-20500 usd :
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Orange ring acting as resistance and it is respected. However, BTC is little above MA50 monthly average. Breakdown should trigger sells. Holding fulfill upside bars:
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Multiple times rejected by Orange ring and below Monthly 50MA:
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Bearish long term cross is near corner, seems like top is in..
Rejected 3 times at orange ring:
Rejected 3 times at orange ring:
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DXY and VIX are set to bullish positions.
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Also Futures gap around 20K
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That's where would retail panic.
Insolvent near the bottom.
The chart speaks itself.
End always looked different.