🚀 Candlestick Ninja's 4/24/2024 8PM EST Top Down Bitcoin Technical Analysis Overview

In this comprehensive update, we delve into the Bitcoin (BTCUSD) analysis from the 1-6 month timeframes down to the short term.

📈 Key Insights:
Bitcoin likely found its top in the $70-$75k range.
Bearish bias, with expectations of a fall towards $50k as a major higher order level.
Short-term spikes towards $66-$70k are possible, but the overall risk-reward ratio for bulls is unfavorable.
Focus on understanding trading psychology to navigate Bitcoin's volatility.

Handles:
📈 TradingView: CandlestickNinja
🎥 TikTok: @candlestickninja
📘 Facebook: CandlestickNinja
🔗 Rumble: CandlestickNinjaTV
📬 Stocktwits: Candlestickninja
▶️ YouTube: CandlestickNinjaTV
💼 LinkedIn: CandlestickNinja (Coming Soon!)

Candlestick Ninja Insights: Mastering Trading Psychology and Strategies Cognitive Biases Training Video: https://www.youtube.com/watch?v=5YWZdOloFsw

Always compare against other analysts, such as this guy! https://www.youtube.com/watch?v=ymJSULGnfG8
42m

📬 Disclaimer: For informational purposes only. Not financial advice. Trade at your own risk.

#BitcoinAnalysis, #BTCUSD, #BitcoinOutlook, #CryptoAnalysis, #TechnicalAnalysis, #TA, #ShortTermTrends, #MarketAnalysis, #TradingPsychology, #RiskManagement