WEEKLY VIEW

Constraint

1. SPX Topping
2. Fed Hiking Rates
3. SEC chasing CEX (Binance & Coinbase)
4. First time BTC is in recessionary period
5. Price twice crossing (roling over) MA 200

Chart Confluence & Analysis

1. MA 200 crossing price and breakdown again.

   1. Historically, when btc price touch MA 200, it will react aggresively going above it, but however today price have cross under this important Moving Averages and one more time to cross under
   2. This is very significant as it clearly showing that , in the past , majority was retail player that have been driving the market and now smart money (institution such Ark , MSTR, Tesla and wallstreet) moving in and controlling the market price action

2. Price confluencing crossing down multiple EMA and MA

   1. EMA 21 & 12 crossing under MA 200 where all moving average and crossing each other

   

   

1. MACD cross under to bearish as a point of confluence
   1. Everytime MACD cross bearish , price begin to turn bearish afterward,
   2. Right now we have confirm the bearishness

1. Bollinger Band , Mid Range and price is still in range. High probability that this is a price deviation at high range and price coming back to play in the range. Price signalling for a pullback

   1. Price right have been rejected at the top of boillinger band

   2. Right now price have been crossing the midline of the bollinger band and confluencing with key reaction level which is at 21K

   3. There is a high probability for price rebound at 21K and might for a head and shoulder ( dont quote me on this), i am just expecting for high point of confluence

   4. After 30k have been rejected, clear cut from chart we can say that price is still in range after deviated from 26K level. At this point, just confirm that price have confirmed to stay within range.. Price deviation is almost similar like deviation at 14K

      

   5. Based on wyckof logic, price have made selling climax and selling trap

      1. We are right are waiting for all of the seller at trap to fully done and making them to fomo buy and making spring phase

   6. Stoch RIS as a major point of confluence

   • stoch can stay bearish for a long time period before making bullish movement.

   

Focus on this period

1. Small short position to avoid bearish bias during accumulation season
2. Focus on researching next bull market narrative and accumulating altcoin for standby next bull market