Bitcoin just hit the strongest resistance, which is a downward sloping trendline of the descending channel! This channel is very reliable, and it was created when we hit the previous all-time high at 126k! What now? Trend is your friend until the end, and this bearish channel is technically a valid downtrend. It's a beneficial idea to enter a short position with a stop loss above the parallel channel.
I think all ETF investors will experience huge turbulence because the price can hit a new all-time low! This can trigger a massive sell-off, but not now, probably later in 2026. For now I expect 58k soon, then we may see a pump back to 83k. We must see this price action from the point of view of whales - they want to create traps on the way up / down. Many people will buy a breakout above this channel because they think the bull market is over! But the market will do the opposite. It will create a temporary uptrend/false breakout, and then we will go down!
I have to follow the rules, so I am not bullish at this moment as long as the price is inside this channel. But I think buying the 0.618 FIB at 58k is a good idea because the level is a major point of interest! What's more, we have formed a bearish flag on the daily chart, so this is another issue that I see with the price of Bitcoin. This pattern is technically bearish as well.
So my plan is clear - wait for 58k. Place a limit order here to buy Bitcoin. That's all you have to do. I know the price action has been very boring in the last weeks, but we should see a huge movement soon!
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
I think all ETF investors will experience huge turbulence because the price can hit a new all-time low! This can trigger a massive sell-off, but not now, probably later in 2026. For now I expect 58k soon, then we may see a pump back to 83k. We must see this price action from the point of view of whales - they want to create traps on the way up / down. Many people will buy a breakout above this channel because they think the bull market is over! But the market will do the opposite. It will create a temporary uptrend/false breakout, and then we will go down!
I have to follow the rules, so I am not bullish at this moment as long as the price is inside this channel. But I think buying the 0.618 FIB at 58k is a good idea because the level is a major point of interest! What's more, we have formed a bearish flag on the daily chart, so this is another issue that I see with the price of Bitcoin. This pattern is technically bearish as well.
So my plan is clear - wait for 58k. Place a limit order here to buy Bitcoin. That's all you have to do. I know the price action has been very boring in the last weeks, but we should see a huge movement soon!
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
Nota
The price is now above the channel. What does it mean? I think it's even worse than expected. That means we are not going to go to 83k as suggested. I think the next resistance is the top of the channel again. Whales need liquidity below the flag still.
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💡Join my VIP group (signals, my trades)
xanrox.org/vip
✅Trade here: Deposit 5000 to get 750
t.ly/QqHmb
xanrox.org/vip
✅Trade here: Deposit 5000 to get 750
t.ly/QqHmb
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.