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In this video Bitcoin might be in danger if this scenario plays out so Bitcoin has been forming higher highs higher lows which is obviously bullish but as you can see here whenever Bitcoin breaks up into this resistance we generally see a uh pullback as you can see right here
So what if we see another pullback like this before we potentially head higher well that would play L out very well with with my previous scenario where I said that we could go down to 31k so let me put you uh put the 31k level right there but the only problem is that
Everyone is talking about the 31k level because it is such a beautiful level that maybe we’re not going to go exactly to the level because I think there’s going to be a lot of orders down here and the market doesn’t like to reward everyone it likes to actually punish
Everyone so I think we could come down down close to 31k maybe here maybe right there is the sweet spot and then we go back up again cuz that would still be a significant level not as significant as 31k because horizontal levels are always more significant than tilted
Levels but nevertheless this is a very very important um point of support because of this huge Channel we’re seeing and the fact that we have seen let me go to the weekly quickly here on the weekly time frame we have a very very strong rejection right there um so
I do think this scenario is quite likely right now um if you guys want a short Bitcoin here you could over on bitflex and bybit uh links are down below to both exchanges if you um if you just want to sell right now and buy buy lower you can
Also try that um but I think the most important thing is just to put a bunch of limit orders down here and buy Bitcoin for cheap uh when we come down here so uh we could put some limit orders down at 35k we can put limit orders down at uh
30 let’s see here 33.5 maybe we can also put some limit orders down at 32.4 going quickly over to bit flex here we can see my current bitcoin long position it’s 20x leverage I’ve taken a lot of profits here so basically if we break down I’m already in massive
Profits so I’m fine um I do put uh I did put some limit orders down here and I’ll show you now how to do it if you want to put some limit orders let’s say we want to put a limit order down at $33.5 th000 you just do like that maybe
We want to put $5,000 down there put open long and then press confirm and there you go we will see my long position um this um basically limit order so when Bitcoin reaches 3 3.5 this position will get triggered and I will be buying or going long with the
Leverage down there if you guys haven’t signed up to buybit or bitflex links are down below on buybit you get $30,000 bonus on bitflex you’re getting right now 60 no sorry $888,888 and if you click activity here on on bitflex uh and go to rewards hub then you can actually claim uh free
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With your Flex Points you go to redeem and here you go you can you can get all of these things completely for free by spending your Flex Points so link down below check it out and uh don’t forget guys something very crazy because later today I I will be
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22 Comments
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I don't think so
good
Good looking out
I think it will keep going up. Donβt go against the trend
Thank you.
Love you Carlβ€
I think 38k area would be the best senerio
why his chart and my chart candles differance?
33k is possible as thats the 200ma
So it's time to buy if you say it's bad
Bitcoin has been a target π― and will continue to be. Itβs unfortunate
worst case 38k…….GBTC will test weak hands
Carl, the horizontal support levels pre-supposes that the fiat currency (dollar) has the same value it had in 2020-2021 which obviously is not true. Global liquidity is actually higher now even though central banks pretend they are tightening, they provide hidden liquidity through BTFP and other mechanisms worldwide. I am sticking with diagonal trend lines.
Short and efficient l
that's a HUUUUUGE bear flag
How about $15000? π Its highly likely this season…
Youβre clueless , where is your secret bullish pattern that you mentioned few days ago ? I guess youβre just making money by trading against your horde.
Kasta
ahahaha ur the last person to listen to about TA no offence , there so many other analysts that know what there talking about . just stay to hyping people ur good at that .
You need to upgrade your analysis Carl : ) I can help you with that
Good you do you and HFBP. I'll buy the dip and go against the have to retest 31-37k majority.