DON'T FOMO AT 62K AT SELL AT 50K โ˜ ๏ธ

Diupdate
Hi everyone ๐Ÿ‘‹๐Ÿฝ

๐Ÿ•Š Wish y'all have a profitable lifestyle ๐Ÿ€

๐Ÿ“Œ BTC /USDT - H:4 - Time frame

๐Ÿ“Œ PRICE ACTION - FIBONACCI - BEARISH DIVERGENCE - FUNDAMENTAL - ichimoku cloud

๐Ÿ“ โš ๏ธ BITCOIN chart looks so scary in my eyes โš ๏ธ ๐Ÿ“

๐Ÿ€ First, I have to apologize for my absence in the past week. I am looking forward to update cryptocurrency markets

๐Ÿ“ In the H:4 time frame I can see two bearish divergences which may lead the price back to the 50k-53k price zones.

โœ๐Ÿผ Along with the latest ETF NEWS, I am starting to worry so much about Bitcoin chart, I PERSONALLY see the latest ETF news as a horrible news which I am going to explain why:

1- BTC is one of the most decentralized if not the most decentralized asset in the world and with ETF news the decentralization part about BTC does not make sense any more!
2- Bitcoin does not like regulation in general; and again with ETF regulation this aspect is also questionable
3- Bitcoin is all about the peer to peer money exchange world-wide; ETF does not like that either

โš ๏ธ Another thing: If I want to store all my Bitcoin in a centralized bank and start to pay taxes; why can't I buy GOLD or other stocks? ๐Ÿค”

๐Ÿ“ From technical analysis point of view, I see two bearish divergences in the chart in RSI and Price

๐Ÿ“ From ichimoku cloud point of view, I can see a red cloud in the given dates which either can stop or drop the price to the kijun line

๐Ÿ“ From Fibonacci point of view, we did not see a pullback to 0.618% and 0.5% zones which are really necessary for the future growth

๐Ÿ“ I also see the last pump not as an ETF miracle, it was all technical along with a little bit of FOMO and NEWS

TO BE CONTINUED

Catatan
ichimoku ckoud looks scary along with the HUGE gap between Tenk and kijun which has to be filled with the price

cuplikan
Catatan
If we expect the price to touch the 65k price zone, we should wait for a re-fill of the previous Fibonacci retrace zones

cuplikan
Catatan
At the end I would like to inform you guys that this is not a financial advice and or buy or sell signal

Please decide on your own and do your research

I just to express my idea about the charts and TAs

Have a good life

NP Trader
Trade aktif
This TA is valid until the 65k zone, if the 65k zone is broken we will reach 71k then 80k easily
Trading ditutup: stop tercapai
65K zone is broken
Bearish PatternsBitcoin (Cryptocurrency)BTCUSDbtcusdshortDivergenceETFFibonaccifomoanalysisFundamental Analysisfundamental-analysisTrend Lines

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