#Bitcoin It's Over?
🚨 #Bitcoin Update: Big changes could be coming!🚨
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
Thanks, like and follow if you like my updates!
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
Thanks, like and follow if you like my updates!
Nota
🚀 #BTC has been consolidating between 55k-70k since March 2024, forming a bullish flag pattern. 📈
Bulls reclaimed the crucial 55k support after a major selloff. If we see a bounce back, Bitcoin could retest the 69k resistance in late August! 🌟
🔔 According to the four-day timeframe chart, the candle closes in 12 hours. We must maintain the 56k level, meaning we must close above 56k. Closing below it would signal a reversal for the entire market. 🚨
#Crypto #BitcoinETF
Nota
🚨 END OF THE BULL RUN? 🚨
The supertrend indicator, which previously signaled the start of the bear market in December 2021, is once again showing signs of a potential reversal.
This could suggest downward pressure is building, and traders should stay alert.
The coming weeks could be key in deciding where the market is headed, with a possible drop on the way.
#Bitcoin #Crypto
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