TrendUpdate

2021-12-16 21:36:48 Russian Central Bank to Ban Bitcoin: Report - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides https://bitcoinmagazine.com/markets/russian-central-bank-to-ban-bitcoin-report Open / Comment

2021-12-16 21:36:11 Russian Central Bank to Ban Bitcoin: Report - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
https://bitcoinmagazine.com/markets/russian-central-bank-to-ban-bitcoin-report Open / Comment

2021-12-16 10:36:21 For some time now, Bitcoin has been reacting to the Fed's monetary policies, which seems to me to be contrary to what Bitcoin should mean, but whatever...it reacts, so I deal with this..

Yesterday, after FED speech, Bitcoin has reversed from 46500 and has made a run above 49k.
Although this is not bullish yet, is a strong sign that a genuine reversal could be in cards soon.

Technically, Bitcoin needs to pass above 52k to signal that an important bottom is in place, and for it to become bullish, needs to get back above 51-52k... Open / Comment

2021-12-11 15:52:44 Let's face it, Bitcoin is bearish!

I'm bearish bitcoin since it broke under 60k and my opinion did not change a bit.

As in the case of uptrends, there are countertrend moves also in downtrends, but this should not make us optimistic, and looking at the structure of the chart we really have no reasons to be.

Yesterday, with the release of CPI data, bitcoin had a spike to 50k, but it was short-lived adding reasons to my conviction.

From a technical perspective, since the 69k ATH , we have had lower highs and lower lows and we can draw a clear downtrend line connecting these highs. Also, the price is under 52,500-53,500 old horizontal support and I expect this to act as strong resistance from now on.

That being said, I expect more losses from Bitcoin in the coming days and weeks and ONLY a sustained break above 53k- would change my strongly bearish opinion. Open / Comment

2021-12-10 09:25:03 As I said before, 50k-53k is my sell zone for Bitcoin and the main crypto is staying in this zone like is waiting for something. Yesterday we had a dive under 50k, but this was short-lived and BtcUsd quickly reversed. However, the chart structure remains… Open / Comment

2021-12-09 07:54:36 As I said before, 50k-53k is my sell zone for Bitcoin and the main crypto is staying in this zone like is waiting for something.

Yesterday we had a dive under 50k, but this was short-lived and BtcUsd quickly reversed.

However, the chart structure remains grossly bearish and the rise from 41k is corrective in nature, we will remain bearish as long as the price is under resistance and only a clear break above 53k would change my perspective Open / Comment

2021-12-08 13:46:13 I told us to only short the rallies... After the weekend's strong sell of, Bitcoin has started to rebound, as it was normal, and has reached sell zone above 50k.

The structure of this rebound is clearly corrective in nature and I expect a new wave of sales for Bitcoin. I don't think it's right time to start buying dips according to the current trend on chart .

Bitcoin is Bearish Open / Comment

2021-12-07 18:55:56 We still Bearish..., while we hold strong on our Bearish position

Short the Rallies Open / Comment

2021-12-06 11:36:41 Kindly share link

https://t.me/bitcointrendupdate Open / Comment

2021-12-06 11:35:42 Open / Comment