2 min

Bitcoin – huge move soon!

Bitcoin is in the boring consolidation last couple of days, but it can give us the sufficient piece of information what is going to be next.

Hello, everyone!

Bitcoin is in the boring consolidation last couple of days, but it can give us the sufficient piece of information what is going to be next. There are no any particular signals now but the scenario on the chart I see as very likely to happen.

The price broke the golden Fibonacci pocket for the last upside impulse and is consolidating just below it.  Moreover we saw the multiple attempts to re-enter above 0.5 and 0.61 Fib levels which got rejections. It means that the bears are very strong now and I understand why. The institutional investors on the Bitfinex   exchange executed the huge amount of short positions for BTC, while the retail investors, for example, on Binance have 66% of long trades. It means that the crowd now is in buy the dip mode. All these long positions should be liquidated to reduce the “moon” mood. Thus, I expect the price drop from current prices.

The volume and volatility decreased to it’s minimum values which means that the big move is going to be very soon.

Good luck!

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Today we have the king of memes DOGEUSDT on the plate. It had a massive bull run during the previous altseason in 2021 and after that it retraced

Hello, Skyrexians! We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don’t understand the sense

Skyrexio x Bybit are hosting a 30-day trading showdown. Top 30 traders take home the prize! How to Participate: 1️⃣ Register for Skyrexio x Bybit trading competition2️⃣ Trade using Skyrexio.com

Skyrexio is a leading non-custodial crypto trading platform and official broker for major exchanges announces the full integration with Crypto.com. With this partnership, Crypto.com users can now access all of

Skyrexio has integrated with Bybit to help users automate trading and simplify strategy execution across exchanges. Bybit users now have access to Alert Bots for automated TradingView alerts or custom

In this article you will learn how to combine Awesome Oscillator and Acceleration/Deceleration indicator in conjunction to have the trading zone for aggressive decisions.