Bitcoin Approaching The low Area And Ready To Approach A New lower low🤔??

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Globally, the use of Verto is at 810 billion dollars, down about 4.88%. Now Bitcoin itself is at 15,900, xyrium 1,180 bnb 268 xrp 0.32 because 0.31.com.08 dollars and Polygon matic is in 10th place with a price of 0.85 dollars.

as of today we see the market is all back in a red state, the decline is diligent between 5.9% to approximately 10%, so that is a temporary Outlook from some of the stores that we have now.

Well first delivered here three billion dollars in Bitcoin live exchange this week a Made ftx contation Fears. where I see that where one of the things that I think is the most important and you must do now, don't delay, is to shift or remove some of your assets from actions.

Don't put everything in Adsense. we see a lot of issues or rumors circulating that there are several exchanges that are suspected to be like that. before we can confirm it but we suspect that it's also introverted, OK, so with news like that, it's better if we play it safe even if you are still desperate to put your assets in so shift some of your assets to several others, so that if possible your actions are problematic, you still have problems. have various other actions.

We've seen that in recent days, many people have started to research more deeply, so yes, all Adsense now may be top Adsense, about whether there is a chance to invest and because of that the actions are vying to get their balance out. to release data on how many assets they hold.

but from hobbies and get io just like that, when they show evidence of data for research, it turns out that this has not been proven. but I suspect it was borrowed money. as again put. where else to spread it, you don't have to go all-in in one place, it's dangerous in my opinion.

Okay so those are some things I think I need to say today, hopefully in the future there won't be any more problems like yesterday's FTX because yes it can't be good news for anyone for the crypto world of course, that's not good news because investors Of course, they will be afraid to enter again because it is proven that an action as big as fcx can fail investors' funds. can not be returned The second is also of course with the existence of it, yes we-we are a bit horrified.

when we hold our assets on the Exchange, yes, so we may have to put them in a swallow, of course when we want to trade, it's more difficult to trade, so hopefully in the future there won't be any more excel-assesses that fall like what happens in ftx.

Well then we go a little bit towards the fracle pattern from Crypton nuk guys, so according to him Bitcoin is following Justin Mamis sentiment cycle perfectly, actually it depends on each other's interpretation, right. but we discuss from his interpretation according to him Bitcoin now follows a cycle called the Justin Memes sentiment cycle.

Where there are the first few phases of returning confidence when we are approaching the top, guys. First, we will find the return returning confidence phase. This means that people have started to believe again that we will form continuously so that people do by the deep continuously. Yes, this also happens when we see Bitcoin is still a little around 50,000 because they think it is very likely that we will be up to a thousand.

Then when we broke out when last November we said 69,000, all of them were enthusiastic. But in the end we were not able to maintain the momentum and then it went down, so we broke the thumb to the even 40,000 area then panic appeared OK and then there was discuragement after that there will be a wall phase of worry inversion denial and then we go back to returning confidence.

so repeating back here from cryptono's opinion we should be in the returning phase of the conference, it was around the beginning of 2021 when we touched the number 64000, so after we were finally able to break from the previous 20,000 we then headed to 30 40,000 in here then goes to 57,000.

then we corrected quite deeply but then we recovered again so that the confidence returned. Investors then when we dropped to 30,000 then people by the deep thought that, because they thought of course we would go all the way to 100,000, maybe when we broke, they said 69,000.

everyone is enthusiastic but we immediately breakdown. then we break down from the Major support and enter the Panic phase around the 18,000 area. Yesterday we were months away, it was stuck around 14,000 to approximately 24,000. before finally a few days ago we broke down and if indeed we followed the same thing that happened here. So according to the script we should switch to the discusmen discusmen phase, it doesn't mean we will immediately reversal upwards. it may also take several months for sideways for example before we will finally be able to enter the next phase.

What I want to convey to you guys, now we go to the Bitcoin chart and I want to start with the quick leature first. okay, we are closing weekly candle in a very, very negative situation guys. Okay, if we look closely, the candle has been fixed, it proved when we finally broke down the Major support around 1500.

for the time being what I can see in the future. As for the small time frame, yes, in One Orchard or for Orchart, of course we see Bitcoin now retesting the last low area around the 1500's, it's more or less like 15,500's and it looks like Guys, we are ready for a new lower low.

It looks like we are ready for a new lower low, the next target if for example we see it could be around 14,000. Okay once again Actually I still think that this scenario could just happen. where we just make one more new we will start at least to get some kind of relief-rally again maybe at least towards the 18.000 area.

okay that's what I can see for now so far there haven't been many changes but in miterm of course we think we will still make a new lower low between us will directly create a new logo or we can get another bonus for retesting.

maybe the consolidation hasn't ended yet, we will make another drop down towards this area, actually the range is 14 to 12,000, that's the area around here. So if for example we touch around that area, guys, OK 14.1312 And if for example we get some indications .

Say, for example, for hour, we then find that there is a triple bullish 1 in our indicator that continues to form a hair low. Let's say the model is like this and then we also get, for example, that there is a pattern that shows an indication of a reversal, so from there I might try to find a setup for long.

but of course with strict Rich management, so that is my target area to find a setup for swing long guys. Okay, where is the target until at least around 18,500 again because this is a Major Resistance area. Okay, if we can break it, of course, that's good news.

because it could mean we can get a kind of rally that plays fast maybe towards the agent at least to the 25,000 area so that's what I need to convey to you all, hopefully it will be useful for all of you for the time being, I don't think there are any signs at all that the buses will return. take control of that.

Yes, all the fullbacks that occur here can be set up for short, so if for example you haven't been short since yesterday, this is the potential to go short because there is a double top

Okay, even if you haven't had time to enter, I've also said that this could be an opportunity for you to share again if it turns out that we're breaking down from another trend, so if you haven't entered the two setups here, don't enter now. Why don't you enter before?? because in terms of reach and rewards now it's no longer adequate Okay, it's different if for example you have entered from here okay or from here it's still okay but if you go short, I think it's lacking Make sense Why because we are close to the last low area.

which can create a kind of minor support, so it doesn't make sense if you are short for now, so if for example you haven't had time to go short and want to look for a short, I don't think the time is now, I prefer and our area just drops to the lower low. 14,13,000.

From there I will look for evidence of a reversal and I will look for a long setup like that for the swing and I think from there the rr will be much better. if you don't feel comfortable entering the market, yes. Stay away from the market first, let them calm down, the market won't be going anywhere for the last few days, maybe in the next few days maybe because we won't be seeing events that are too big for this week I think the market will tend to move sideways. Maybe that's all I can share with you guys. Thank you for visiting my post this time, see you on another day.

Regards
@radhi622