Fan Crypto

2021-11-28 07:33:15 #Bitcoin- Another break, another low?

After reaching a local low of around 53.500, Bitcoin has started to consolidate again in a tight range and 55.500 zone offers resistance now.
I expect a break under this newly formed support sooner rather than later, and a new local low for BtcUsd .
As I said multiple times in the past days, only Btc above 60k can give bulls some hope and my recommendation for speculators is to sell rallies Open / Comment

2021-11-28 07:05:27 #Crypto market doesn't look good AT ALL

I'm bearish crypto market, and from my point of view, I have good reasons...
Looking at the Total Market Cap chart we can see that after reaching 3T, we have a drop in capitalization and now, the 2.4T zone, is confluence support.
If we look at the individual coins, we can also see pressure on the sell-side, so, in my opinion, this downtrend will continue and we can have an average of 30% drop in the crypto market.
That being said, I will not hold any crypto in the near future and I will look to sell Btc , Eth, Ltc, Xrp, and other liquid coins. Open / Comment

2021-11-27 08:29:50 #Bitcoin- Sell rallies for a 25-30% drop

In the past week, 60k zone attracted sellers like a magnet and, after confirming this zone as a strong ceiling, Bitcoin has dropped like a stone yesterday, breaking under 55.500-55.700 zone range support and making a local low under 54k .
Now the cryptocurrency is in a normal rebound and this can offer a good opportunity to bears for opening short sell trades.
The old support from 55.500 should act now as resistance and in this zone I will look for selling.
Only BtcUsd above 60k would change my opinion and, as I said yesterday, Bitcoin can visit 40k zone by year's end. Open / Comment