Coins Squirrel
941 posts

Coins Squirrel
@CoinsSquirrel
#bitcoin 🪙 🐿️
Crypto Kingdom Katılım Ocak 2021
266 Takip Edilen89 Takipçiler

Daily #bitcoin #CoinskidRibbon update.
As expected we are seeing the pullback into the ribbon from the thick yellow line , the #bms.
I would not like to see BTC lose the ribbon or potential parabolic growth curve from this point!
If it does expect a big sweep torwards the February low.
Remember I do not make the rules, I react to price structure.
Big test here for BITCOIN as we roll into May CKC.

CoinsKid@Coins_Kid
Tether dominance ticker USDT.D hit the 1.618 in February and has been rolling over ever since, we now see a red sell dot on the daily ribbon as #bitcoin prints a green buy dot on its daily ribbon. What does this mean? Technically each chart is trying to transition to the opposite trend. ⚠️ We do usually see the ribbon backtested to confirm the change of trend. STAY TUNED CKC
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@Coins_Kid Merry Christmas 🎅🏼💫
I agree - Christmas sales come early!
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@Coins_Kid We not far from stochastic rsi crossing on both 1 & 2 week which is double 💪🏼 & rare.
Also fear & greed is the lowest we been for time.
#extremefear #buytime
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🚨 VERY IMPORTANT
Stop refreshing the chart like it’s a heart monitor — take a breath and think.
#Bitcoin just closed the week below the 55W EMA for the first time this cycle.
That doesn’t confirm a bear market, but it does flip a yellow flag.
Meanwhile, we’re right inside a historical reaction zone with plenty of confluence for a relief bounce: • Extreme fear
• Fib 0.618 support
• Weekly death cross printed
• RSI washed out
• USDT.D is overbought and showing bearish divergence on lower timeframes — often a precursor to BTC relief
How I’m handling it:
No panic. No delusion. Just clear thinking.
• Not dumping everything at the bottom.
This is exactly where BTC usually bounces — emotional selling is punished here.
• But also not pretending nothing changed.
A weekly close below the 55WEMA is a legit signal to play more defensively.
The key test is whether BTC can reclaim:
• 103k (55WEMA)
• 110–113k (Bull Market Support Band)
If BTC reclaims those → bull continues.
If it rejects there and closes another week below the 55WEMA → this might’ve been the cycle top, and we plan an orderly exit.
In short:
Don’t panic.
Don’t ignore the signals.
Say level-headed, and let the next week reveal what the market wants to be.

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