ONE - Crypto Insider

2022-07-07 15:17:03 In order for the Bearish Pennant figure to be considered as failed, BTC must break through the wedge and confidently consolidate above $21,850.

The wedge was broken yesterday, but the volumes do not inspire optimism. Volumes should be larger and the rebound more convincing. There is a high probability that we will again return to the framework of the wedge with the bearish scenario that follows from this, which I showed in the previous post.

#BTC #bearish_pennant Open / Comment

2022-07-05 15:06:43 BTC rebound ended today. An unexpectedly weak rebound, assuming the recent $17,500 was the bottom of the whole decline. The price reached $20,440 max and went down after breaking through the psychologically significant level - $20,000.

Now we can definitely say about the formation of Bearish Pennant . Bearish Pennant is a classic figure of continuation of a strong downtrends. According to this figure, the price should break the wedge down and rapidly decline by approximately the same distance starting from the breakdown point (we don’t see it for now).

Thus, according to technical analysis, the fall could reach $10,621. This is a 43.97% decline from the wedge breakdown

Of course, this is a rough estimate and the bottom could be slightly higher or lower - $11,000 - 9,500.

#BTC #bottom #bearish-pennant Open / Comment

2022-06-23 23:30:08 Now we're witnessing a boring and monotonous market. Bitcoin is moving in the range of $19,700 - $21,700. I still expect a rebound to $27,000 minimum. It's hard to say the maximum, but I don't think the price will be allowed to rise above $40,000.

In general, my previous scenario is still valid, only the decline turned out to be more severe than I expected.

#BTC #correction Open / Comment

2022-06-16 23:55:06 Curious tweet from Elon Musk. Just one word.

Something tells me that he meant not the CryptoNight algorithm, which comes to mind first.

Cryptonight instead of CryptoWinter? The same tough period but much shorter in time? We'll see.

#Elon_Musk Open / Comment

2022-06-14 00:52:08 A powerful decline that is not over yet. I expect it to continue soon. It looks like MM really seriously decided to scare the market.

Further - panic and the promised rebound. How soon there will be a rebound and how strong it will be - it will become clear with time. It's too early to make such predictions now.

#BTC #correction Open / Comment

2022-06-12 00:36:55 "I expect a slight decline ($27,500 - $25,400) and a subsequent strong rebound... "
- the first part is done - BTC went down to $28,000. But this is not the limit and I believe that we will see a lower price - about $26,000.

After such a decline, another panic among traders will begin and then MM will push the price up - to $34,000 - $40,000 maximum. All as I wrote a week or more ago.

I continue to monitor the market and notify you if I see something interesting.

#BTC #correction Open / Comment

2022-05-23 23:30:16 The current situation is frankly boring. Since May 13 Bitcoin has been moving in the channel: $28,500 - $30,700. Everyone is expecting a drop to $20,000 - there are not many ones willing to buy at current prices..

In my experience, the MM may not give the expected downward movement now. I mean - not to let the price go to $20,000 right now.

What will happen in the coming days - weeks?

I expect a slight decline ($27,500 - $25,400) and a subsequent strong rebound. The price of Bitcoin can reach $40,000 and is very unlikely to be higher.

It's too early to predict how BTC will behave after this rebound. This will depend on many factors, and above all on stock indices and DXY.

It's likely from there that we will see a crushing fall to the price level so desired by many - $20,000.

#BTC #correction Open / Comment

2022-05-18 22:19:15 The market doesn't look good. BTC has not managed to gain a foothold above $30,000. In the near future, we may see another small bounce - within $35,000 and a subsequent decline.

I can't predict where Bitcoin will fall. Peter Schiff, a long-time Bitcoin opponent and gold proponent, is predicting Bitcoin to fall as low as $8,000. This is a very controversial price, but we cannot even guess what could cause such a significant dump..

Possible destruction of the USDT stablecoin?

#BTC #Peter_Schiff #dump Open / Comment

2022-05-13 21:20:56 Do not rush to enter the long positions. It may not be the end of the fall yet.

The price failed to consolidate above $30,000. There is still some time before the end of the week though. In the coming days, we may see a rebound and another decline. There are many factors that point to this. And most importantly, people have not yet experienced real panic.

#BTC #dump Open / Comment

2022-05-11 21:13:35 Bitcoin epic dump - 7 consecutive red weekly candles. This has never happened before in history. I expected a fall, but I confess, not so strong and I did not expect a breakout of $30,000. It's good that the price failed to consolidate below $30,000, otherwise the altcoins would fall even lower. Much lower.

According to the intensity and dynamics of the decline, negative news, the collapse of LUNA - we can expect a continuation of the fall. Buyers are scared and not ready to buy. Sellers panic and sell even at a loss.

The only question that interests me right now is can BTC stay above $30,000?
If yes, we will see a rebound from this level and subsequent gradual growth.

If not, and the $30K level is broken, the price will drop even lower down to $25,000 - $20,000. There will be real panic and many altcoins will be worth 99% of their ATH. In this case, recovery will take many months.

Much will depend on stock indices and the dollar index (DXY). At the moment I continue to watch the market and do not take any action.

#BTC #dump Open / Comment