Bitcoin long term outlook
First outlook on previous analysis turned out to be wrong, but the overall idea is very much valid: BTC is now hanging around supply area/886 retracement level and losing momentum, RSI showing heavy divergence.
I wouldnt't expect prices to go balistic in 2023 with recession coming and goverments doing all kinds of crazy stuff.
This could very well be the top of the "bull trap", "fake out" or however you wanna call it.
In case we break 25k, 30k would be pretty much guaranteed, but i still excpect a sub 10k Btc within the year.
Remember the market will always gear towards the maximum amount of loss for the max amount of people, I would argue that a sub 10k BTC would be almost a sure thing if we get to 30k as the top of the fake out, just cause it would be such a loss for most people.
Always working level by level and taking action based on what the market tells me and not my feelisngs.
I would only enetertain the possibility of the bottom having been 15k if we break above 30k, until then this is the plan.
I wouldnt't expect prices to go balistic in 2023 with recession coming and goverments doing all kinds of crazy stuff.
This could very well be the top of the "bull trap", "fake out" or however you wanna call it.
In case we break 25k, 30k would be pretty much guaranteed, but i still excpect a sub 10k Btc within the year.
Remember the market will always gear towards the maximum amount of loss for the max amount of people, I would argue that a sub 10k BTC would be almost a sure thing if we get to 30k as the top of the fake out, just cause it would be such a loss for most people.
Always working level by level and taking action based on what the market tells me and not my feelisngs.
I would only enetertain the possibility of the bottom having been 15k if we break above 30k, until then this is the plan.
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