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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.