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Bitcoin trading calls

  • #1,381
  • Jun 4, 6:26pm (9 hr ago) Jun 4, 6:26pm (9 hr ago)
Will this help the contrarian buyers?
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It takes a lot for me to IGNORE you, but you can try.
  • #1,382
  • Jun 5, 1:29am (2 hr 24 min ago) Jun 5, 1:29am (2 hr 24 min ago)
BTC heading sub 50K levels ?

Declining channel is intact since October 2025, and price is respecting its boundaries by taking support & resistance form the lower & upper boundaries of the channel, as pointed by green and red arrow.

For the period of 4 months price consolidated near its support level of 62,300 and had showed multiple bounces in the upper direction, which couldn't sustain, now price is at an crucial point where, it's threatening the long standing support level so 60,000.

It 60k is out then consider a quick down-move, following to that subsequent bearish moves can test the levels below 50,000 as per the structure of channel intact.

Strict Risk management should be applied and Position should be sized according to individuals risk appetite.

For Educational Purposes only, Not an Investment Advice
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  • #1,383
  • Jun 5, 3:39am (14 min ago) Jun 5, 3:39am (14 min ago)
Quoting CrazyTrades
BTC heading sub 50K levels ? Declining channel is intact since October 2025, and price is respecting its boundaries by taking support & resistance form the lower & upper boundaries of the channel, as pointed by green and red arrow. For the period of 4 months price consolidated near its support level of 62,300 and had showed multiple bounces in the upper direction, which couldn't sustain, now price is at an crucial point where, it's threatening the long standing support level so 60,000. It 60k is out then consider a quick down-move, following to...
Hi CrazyTrades,
Thanks for chiming in on this thread.
Great analysis.
Welcome to the thread
If you think you can or cannot do it you are correct
  • #1,384
  • Jun 5, 3:44am (9 min ago) Jun 5, 3:44am (9 min ago)
Quoting CrazyTrades
BTC heading sub 50K levels ? Declining channel is intact since October 2025, and price is respecting its boundaries by taking support & resistance form the lower & upper boundaries of the channel, as pointed by green and red arrow. For the period of 4 months price consolidated near its support level of 62,300 and had showed multiple bounces in the upper direction, which couldn't sustain, now price is at an crucial point where, it's threatening the long standing support level so 60,000. It 60k is out then consider a quick down-move, following to...
+1
That's really interesting, I hadn't thought of it that way. thanks for your post
I won't give up.
  • #1,385
  • Last Post: Jun 5, 3:49am (4 min ago) Jun 5, 3:49am (4 min ago)
Quoting Erebus
Will this help the contrarian buyers? {image}
Erebus my person,
You seem to be on many threads I visit.
Welcome to this thread and thanks for your input on this.
Your chart is saying that we are in a down thrust and that retracements will be feeble at best.
Am I correct?
If you think you can or cannot do it you are correct
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