market been so weird for me that iam not trading, but iam seeing that the bear case as you said is the most possible.

my system has been bullish for a while now but the bear force has been rly strong, so iam not trading since everything is messed up on my view and system.

today iam looking into confirming what i think is the last downtrend as you said, BTC 4H tried to break a resistence while positive in some of my indicators, but by looking at the volume either by RSI or VRVP the bears are going all in.

my expectations are that we will stay in this trend until the next bear signals start to appear almost hitting 28400 which was a resistence peak on daily chart, but until this last bear downtrend i wont be trading

Whats You Think ?

With FOMC and powell speach BTC can squeeze up to grab liq before another leg down .

i dont expect that much since bear volume is really big on 29800, i think it may not even get there . Lets See

Waiting for FOMC

#GALA 4HR TF Chart Update

👉Keep an eye on above mentioned Support point for the possible bounce back✌️

Looking across the market, many coins are set to rally but most are in higher timeframe downtrends so if there's upside movement off the FOMC, its likely many will make lower highs or fail retests above

Quick reminder to all to NOT trade FOMC

Moves typically come a few hours after or even a day later

Let plebs position themselves wrongly and find where they are positioned

That is you best shot today, paitience and perspicacity

I researched a few pre-FOMC PA (have to research more to be more accurate) and usually when we start to move up before the event most time we go up at the first few minutes in the event and then just rips down sometimes deeper sometimes shallower

This is my new weekend hobby to research theese events so later I can use them (with this I can’t “anticipate” the path of the price during the event but the direction after the event)

For the event whipsaw for sure as usual and agreed anyone here don’t trade this event the most -EV to trade this, just watch and wait for the price to develop

😁Coverted Alts To Usdt

📊 Bitcoin Chart Analysis 📊

Time Frame - 4 Hour (LTF)

Bitcoin Price Action is happening as anticipated. Big players trying to grab buy side liquidity a little above previous Range low which took 5 attempts to break. Our first Short ask has been filled.

Second entry at 30.2k in case of extreme liquidity

Targets - 29.1k/ 28.7k/ 28.2k/ 27.5k

Stoploss - 30.6k

MAX : 5 - 8X LEV

Message to all BlockMappers

Fomc happens like once a month

This had been the most unvolatile fomc so far as its summer this year

Focus instead of learning to trade, not trading

You dont want to get liq over a 5% move or less

Daily levels on the way
Today's is 🔥
basically red zone is bull/ bear line for me

Will make sense when you see the video

GM GS what do you think about this being a bear trap, breaking the range, and now slowly claiming the discount zone? The daily chart show divergence with the price falling and volume decreas.....i am waiting how price developes if it reaches the discunt zone, plus current price i fighting the RANGE LOW WICK. OPINIONS?

From Now !

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Keep in eyes eyes wave again 🎅

BTC Liquidation Levels Overview:

There are close to 5 billion in long liquidations sitting at the ~$28.8k level for Bitcoin. For now, bulls are protecting this price range. However, if bears are able to take out the $28,800 level, we would see some substantial liquidations of long positions which would likely trigger a bigger sell-off down to 28k. Be aware of the $28,800 price point.

vix has a 4h bear div attempting to confirm and form in 37 minutes, 5 week duration but it seems pretty weak, should result in some kind of chop for august