Short

BTC bearish

Updated

To me its obvious that BTC is done.
It needs to go down from here soon.
I'm thinking of a fakeout up to 31500. Then it will fall hard.
ABC corrective move is done. If it breaky through the main support channel, its over 100%.

Note

So, will we see the 31k one more time to complete the wave 5?

Note

Down it goes.

Note

Good good..

Note

Trade active

Note

Note

(A) reached, time for (B).

Note

Wave (B) completed.

Trade active

Note

Time for wave (C).

Note

BNB is about to crash this year, and so will Binance, just like FTX. There are corious things going on with Binance at the moment.. just my thoughts.. but mark my words.. if that happens later this year, the Bitcoin bottom will be in. That'll be a buy signal. Bear markets always end with the worst news you could imagine.
Binance chart:

FTX chart:

Note

Wave (C) is coming soon.

Benvo_Invest

Also on:

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.