#BITCOIN - Long Term Swing & Mediums Expectations for 2022 - 7J
Updated
BTCUSD I had three scenarios 10 months ago for Bitcoin. The first scenario was higher high over 70K, the second scenario was drop from 52K to 17K. This combination shocked many investors & speculators - Lambo boys out. In long term swing period I expecting price to return to levels over 24'500 till end of July. That will be a good indication for the next target of 36'000 and will force medium term scenario. What is the supported thesis technically for the expected scenario on #Bitcoin?
- There were a big capitulation, even whales are under water, some are liquidated - others won't be
- By Elliot Waves, Volatility Metrics, Cycles, On-Chain Data the buttom is established
- Capital Markets will correct in next two months and volatility will calm down
If you have any questions related to this trading idea I will be happy to provide you with answers
cryptopfy.com
Note
It is a good moment for more accumulations. I don't expect new low below 17'500 and the price again hitting the static support area.Note
In next 2-3 months we can expect prices near second checkpoint, Price of BTC over 30'000, ETH over 2'800 and ETHBTC ratio over 0.1
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