BTC is trading bottom of the range, bounced off 45k to establish a lower high. Lower highs favor probability of lower prices generally. Certainly the trend has flipped and this price action has been shite for scalping.
Will be an interesting next few days with US default narrative, bad news in traditional markets could see us back into the 30k to 40k range.
Honestly feels like sentiment is changing here, there's uncertainty with building fear. Be cautious the next few days my friends, wait for some US default news, go to stable coins for a bit.
PREDICTION = Testing 40k
Shoutout to todays trading view ideas = @MarcPMarkets, @Mihai_Iacob
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
3:00 = Descending wedge revision
4:30 = US default
5:00 = NASDAQ and SPX
6:20 = Key SPX levels
6:30 = I'm doing stocks now?!?!
10:30 = Bearish SPX arrow
11:45 = FIBS
14:05 = BTC 1 month
15:35 = @MarcPMarkets - 45k lower high
17:30 = Moving averages
18:20 = @Mihai_Iacob - BTC ranging
19:30 = Closing words
------------------
NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
Will be an interesting next few days with US default narrative, bad news in traditional markets could see us back into the 30k to 40k range.
Honestly feels like sentiment is changing here, there's uncertainty with building fear. Be cautious the next few days my friends, wait for some US default news, go to stable coins for a bit.
PREDICTION = Testing 40k
Shoutout to todays trading view ideas = @MarcPMarkets, @Mihai_Iacob
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
3:00 = Descending wedge revision
4:30 = US default
5:00 = NASDAQ and SPX
6:20 = Key SPX levels
6:30 = I'm doing stocks now?!?!
10:30 = Bearish SPX arrow
11:45 = FIBS
14:05 = BTC 1 month
15:35 = @MarcPMarkets - 45k lower high
17:30 = Moving averages
18:20 = @Mihai_Iacob - BTC ranging
19:30 = Closing words
------------------
NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
