Olatunji Tolu

It’s all in the charts as the Bitcoin continues to tumble leaving those trying to catch a falling knife in pain with the deep moves to the downside. Where are we heading to next?

After peaking late last year at 69k, the crypto has been one way directional and it makes one wonder, where are the bulls? Is it going to continue tanking without any opposition? Where is the bottom? So many questions to ask but not enough answers.

The Fiber has been weak this year but every cycle suggests there’ll be corrections and it has begun. Let’s see if we have a deeper retracement before the year runs out.

The Loonie pair has been consolidating over the previous year from a higher timeframe viewpoint, without offering any real trading opportunities.

This year has been a major downtrend for the crypto and has now halted around the 18k demand zone. When will the buyers come in to play for a proper retracement?

Bearish since the beginning of the year and hitting parity with more moves to the down side projected towards the end of the year.

The bulls started the year with a bang and we knew whatever it was one would soon wear off. Now the bears have taken over and looks like they might be on the same thing as the vertical moves down suggest heavy strength for the Sellers.

It has been a one way ticket from the start of the year at 115 to 139 with no real pullback on the Fibonacci, at least 38.2 / 50 retracement level should be tested as the Bulls have started taking major profit.

The year started bullish until it tested the 2072 highs and now 180 degrees turn around since March has seen total consumption of the initial bulls run with possible further drop to 1545 area.