Sunday 8/28 analysis. An obvious setup for Monday is coming. BTC is hovering at/around the $20k mark, which means consolidation for the time being. It's clear that BTC is ready to follow the SPY for the new week.
For those that have been following what I'm doing, it's clear that doesn't mean bullish. tradingview.com/x/UXUy5E0Q/ BTC can't even make it over tiny MA's at this time, and top of MA resistance on short term is $21.6k to continue downtrend.
4H says lol gtfoh - tradingview.com/x/yd8uwmr0/ as we set up to go lower, as usual.
Daily says more downtrend. tradingview.com/x/jnCHRpVE/
Weekly looks like consolidation to drop further after the first major drop. tradingview.com/x/OKiVes2v/ .
Funding history shows shorts taking profit are the only thing bringing things up from under $20k. binance.com/en/futures/fun…
On top of that at best, we have a significant 3 week timeframe *Sell/short* signal from the first major drop under $20k, that only looks like it's being continued. tradingview.com/x/clRZi2eQ/
So...it's about as bearish as it gets, folks. Down is the way to go, look for suspect things that pump to short, etc.
Of notice is that dogechain (DC) was launched in this bullshit to try to extract money, and are clearly succeeding at it. I mean devs cashed out immediately on multiple chains, does that spell faith in a project?
But sure, #bitcoin is perfect sound money and an #inflationhedge and all always goes up, and...what am I missing again? Oh right, #tornadocash, known for funding Russia and North Korea directly. Clearly a great thing to stand behind in these bearish times.
And to top it off, we have the 3 *month* DXY just getting started on bullishness. 3 MONTH! tradingview.com/x/bYicXRDc/ bullish crossup and buy/long signal which can last months to years given that it's a 3 MONTH signal. Signals can last from 1-8+ candles, y'all.
Asia/Europe/Latin America/Canada/Australia, US is clearly about to rule you entirely, as everyone else is screwed. It should be interesting to see mass import of US goods to all of the above, because that's what's next. I'd be looking to American utilities exports to explode.
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