⚡️Well, I won't take too long with this idea but it simply isn't good to see Bitcoin do what it's done already.
⚡️I mean the chart above shows enough as it is, we've fallen through multiple supports and lost our main wedge for Bitcoin which we really didn't want to happen, and support hasn't exactly kicked in, granted it did once a little bit that didn't matter once we exited the small wedge I placed down for you guys. If you wanna read the idea on that wedge the idea is linked below.
⚡️I indicated that whichever way we exited the wedge was gonna have an impact and damn well it has, just not in the way we wanted it to, we lost the wedge and a mountain fall formed with those 20/50 EMA's flipping and our 200 EMA exit so that's had us fall below even our $20,600 point now having brought us to $19,980 which alone is already below $20,000 but we need some support to kick in at least though even if support does kick in, it's gonna take a hell of a lot to regain our ground.
⚡️Most of this has been thanks to Powell who foolishly keeps reiterating his stance on inflation and making bearish remarks which do nothing but bring the market down, it's funny though considering he's suppose to help the market and yet has not done that at all, aside from all the money printing which led to this inflation issue we've now got an even bigger issue at hand now and he keeps making these bearish comments which are foolish in the least to say. We already know the federal reserve is gonna keep it's stance and go hard with the inflation, but reiterating it simply makes it sound worse each and every single time it's announced. It's a joke and soon enough we'll be done with this wish wash of a financial body.
⚡️I'm gonna leave the idea here but this is simply not good ground to be at and I don't even have marking at where we are at right now, I'll have to re chart later and add more marking based on what I find and come across but these we're the main markings we simply didn't lose and Bitcoin is getting nothing but beat down hit after hit. At some point we'll have that recovery pull up but by this point from how down we are, it's gonna take a hell of a lot of confidence and support to bring us back up not to mention those supports will become resistance now so I'm just gonna leave the idea here for now and cross my fingers as that's the best we can do right now. Simply sit tight and wait for this to pass.
⚡️My next marking is at $18,000 and I don't even want to really discuss that right now, it's simply a thought I don't even want to consider let alone manifest so I'm gonna leave that away for now but just be aware that $18,000 is my next marking for support. I'm gonna leave the idea here for now but I apologize if it isn't the best idea today, just really not happy with this chart and the market today. Thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you and wishing nothing but the best!
~ Rock '
⚡️I mean the chart above shows enough as it is, we've fallen through multiple supports and lost our main wedge for Bitcoin which we really didn't want to happen, and support hasn't exactly kicked in, granted it did once a little bit that didn't matter once we exited the small wedge I placed down for you guys. If you wanna read the idea on that wedge the idea is linked below.
⚡️I indicated that whichever way we exited the wedge was gonna have an impact and damn well it has, just not in the way we wanted it to, we lost the wedge and a mountain fall formed with those 20/50 EMA's flipping and our 200 EMA exit so that's had us fall below even our $20,600 point now having brought us to $19,980 which alone is already below $20,000 but we need some support to kick in at least though even if support does kick in, it's gonna take a hell of a lot to regain our ground.
⚡️Most of this has been thanks to Powell who foolishly keeps reiterating his stance on inflation and making bearish remarks which do nothing but bring the market down, it's funny though considering he's suppose to help the market and yet has not done that at all, aside from all the money printing which led to this inflation issue we've now got an even bigger issue at hand now and he keeps making these bearish comments which are foolish in the least to say. We already know the federal reserve is gonna keep it's stance and go hard with the inflation, but reiterating it simply makes it sound worse each and every single time it's announced. It's a joke and soon enough we'll be done with this wish wash of a financial body.
⚡️I'm gonna leave the idea here but this is simply not good ground to be at and I don't even have marking at where we are at right now, I'll have to re chart later and add more marking based on what I find and come across but these we're the main markings we simply didn't lose and Bitcoin is getting nothing but beat down hit after hit. At some point we'll have that recovery pull up but by this point from how down we are, it's gonna take a hell of a lot of confidence and support to bring us back up not to mention those supports will become resistance now so I'm just gonna leave the idea here for now and cross my fingers as that's the best we can do right now. Simply sit tight and wait for this to pass.
⚡️My next marking is at $18,000 and I don't even want to really discuss that right now, it's simply a thought I don't even want to consider let alone manifest so I'm gonna leave that away for now but just be aware that $18,000 is my next marking for support. I'm gonna leave the idea here for now but I apologize if it isn't the best idea today, just really not happy with this chart and the market today. Thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you and wishing nothing but the best!
~ Rock '
