Sell Setup Combo On Bitcoin Coincides With Ominous Astrological Event
Bitcoin price has fallen more than $400 from yesterday’s peak. The drop happened abruptly as the daily candle closed and turned to October 13th’s trading session. The collapse also coincides with two sell setups triggering, and the start of an ominous astrological event that historically has created turmoil for both people in general, and also […]
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Bitcoin managed to touch the 5th arc pair of resistance on the 2-hour chart setup. This generated a sell signal. Since then it managed to re-test the arc and was rejected. The long-term trend is still up. But the short-term trend is likely going to be down. Looking at this bull setup, a reasonable target is the 1×2 Gann angle at ~ 940. Let’s look at a bear setup from the swing high of $1050 (Kraken): I have overlaid the bear setup on top of the bull setup and have labelled the intersection of the 5th arc pair of each setup. There are arrows at each point that stand out as likely targets in....
Bitcoin continues to make higher highs and higher lows, which is indicative of a market that remains in a bull trend. However, I am beginning to question the advance. There are a number of reasons to embrace a bit of caution. This setup was well respected by pricetime at the 1ST, 3RD and 4TH arc pairs. Note how price was turned away by the 3rd and 4th pairs. Noting that, the fact that the 5th arc pair is now very close gives one pause. The 5th arc pair is often a trend-stopper. Here on this setup, we can see we are a few bars from the 4th arc pair. This pair does not often represent the....
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Bitcoin is in free fall, just as Mercury goes retrograde for the second time in 2022. The astrological event is blamed for all kinds of miscommunications and technology-related issues. It also appears to have a correlation with major mood shifts and pivot points in Bitcoin price. With today starting another phase of Mercury in retrograde, let’s take a look at how the planet-related phenomenon might impact price action across crypto. What Is Mercury In Retrograde? Examining The Astrological Event Mercury’s period of retrograde motion begins today, and lasts through June 2, 2022.....
An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....