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Yearlytop

THE BIG SHORT (initiated august 18th) - $9200 next for bitcoin? -Yurlo (Please HIT the like button if you enjoy these visuals of my perspective towards what's in store for $BTC (Bitcoin) in coming months) ~ 👍 ~ (this is not financial advice) ~ Things to consider: Price Action ~ #1: If we reject, 0.382 fibonacci level (9735 will (current support), will be flipped into resistance & we should retest 0.236 fibonacci level (7310 #2: (looking for a rejection of previous candle retest & a s/r flip into support) #3: (resistance from Feb 12th 2018) ~ support flipped into resistance if we do happen to lose $10,200 USD ~ s/r flip. #4: We also haven't had a close above fibonacci level 0.618 (13654) ~ only wicked to $12495 before rejection. #5: Can't even think about fibonacci level 0.796 (16444) considering we've had over a $2000 USD rejection from the possible yearly top. #6: Moving average'e indicate once we break $10,000 USD we should fall to around $9200 USD. Stoch RSI: #1: (broke down august 17th ~ 13495) ~ from support into resistance on (htf) charts ~ higher time frame. #2: The downwards pressure indicates bearish pressure isn't over & we haven't yet reached that exhaustion phase ~ (yet) This is just my perspective and how I'll be trading Bitcoin unless we have a major impulse and break $10,700 USD. Best of luck to you all, and thank you for continuously supporting my idea's & perspective along my trading journey. I'm glad to have you all here! ❤️
GEMINI:BTCUSDShort
by Yurlo
10
Repeat of (March 2020) possible ~ $6000 to downside (yearly top)-Yurlo Please hit that like button for creating this interesting fractal from March 2020 👍 Here's an interesting fractal from March 2020 I've decided to make a whole ass technical analysis for just because i'm currently bearish for $BTC (which could be wrong) however, I still believe that the current local top $10700 USD ~ will not be surpassed before seeing at least $9600 USD. If this fractal did play out (which is impossible) ~ went from $6100 - $4000. If bitcoin follows this fractal, it would take us from $9950 to $7850. (in comparison to march to now - the top would be like 12.5k) (we're here) In comparison of March 2020 to September 2020 ~ see circles area with sideways activity (which is the current fractal we're seeing now - possibly) It was 21 days from the "top" like 12.5k, before it fell off a cliff. ~ (stage 1) Followed by a $1800 USD move to the downside. ~ (stage 2) ~ if we don't wick after the $9600 cme gap this is the likely situation to occur. (from the low point - which would be 4k in March, which we should see around 6k) ~ (stage 3) ~ if we wick this far ~ could bonce off weekly moving average which is around $7800. PLEASE NOTE: this is not financial advise, this is simply a fractal I've put together that I've enjoyed making & wanted to share with my followers.
COINBASE:BTCUSDShort
by Yurlo
9