BTC short term update / 2 potential scenarios.
Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like
SNM 6500% pump in a single day ))))
If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like
SNM 6500% pump in a single day ))))If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
Related publications
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.