deathtotrade

deathtotrade

Pain is just starting. The US treasury bonds are decreasing as the debt to GDP ratio is going through quantitative cumulative tightening resulting in increased pressure on subscription prices and falling demand for butter cookies and other commodities. This will only worsen as the BOJ (Bank of Japan) is issuing rate hikes at a pace of 75 bipperinos per hike,...

deathtotrade

BTC is in a very dangerous spot right now, people aren't losing their jobs fast enough (unemployment at 3.5%!!) and Netflix keep on raising subscription prices in Ukraine (war!!!) The FED might have to issue more hikes all the way to 2024, mid terms are also coming which is historically bearish for extreme risk assets (BTC??!!) TA wise, BTC is forming an...

deathtotrade Updated 

I have been eyeing this H&S pattern formation on the daily since the 26th of November, and to my surprise, it happens to be playing out. Check it out here : bit .ly/3Er9GLT (copy and remove the space) Depending on the area of the breakout from the left shoulder, we should be aiming at the ~12k area (or as low as 10k). This would kickstart a multi-year bear...

deathtotrade

It's not me, it's Igor himself. Brace yourself boyos. 12k on the way.

deathtotrade

As expected, BTC is still following the ascending channel trajectory on the 4h chart. It bounced off the bottom multiple times, confirming the channel's validity. By making higher lows, BTC could be slowly heading towards a retest of 36k, a key supply zone. Closing above 36k would signify that bulls are gaining back control.

deathtotrade Updated 

After a rejection at 36k, bulls failed to claim back 35k as the the price head back in the 33k range. However, looking at the 4h chart, we can observe that the price is still contained within an uptrend channel, meaning that Bitcoin could get as low as 32k in the coming days, and still constitute a higher low, as long as it bounces back and manages to close above...

deathtotrade Updated 

BTC seems to have found some support at one of the trendline, the 1H clearly shows the price is managing to hold in the mid 34k range. If we manage to reclaim 35k and trade at that level for some, a retest of 36k (supply zone) could be very likely.