BTC BULL TRAP?
My longer term projection is visible in this chart. When BTC retraces to the 61.8 and 78.6 retracement levels I will be taking a majority of my money out the market (70%). At that point most people will be on board again due to the fomo kicking in. Behind the scenes there is a lot going on with regulation and I think this may be the Catalyst that will bring the market down. This long term projection also lined up with the CME future gaps that are still unfulfilled at 48, 23, 18, and 9k. So I expect we fill the 48k first and go to the retracement levels stated before, then a drop to fill the 23 and 18k gap that aligns perfectly with the -27 fib extension, where I will buy back in a little to catch the potential bounce we see from that area, and then I expect the further drop down to the 9k gap and maybe fill the -61 extension at 7k.
If I am wrong I will still have crypto left to take profit from, which is something I recommend everyone to always do. Be prepared for both sides, and execute when the market moves to either, this way you will always end up with more money n your hands. Which is the only goal there is.
I will upload a similar perspective on XRP as I just use the BTC chart to analyze where the overall market will go, however I do not invest in BTC as I believe I can make more return with other projects. Hope you guys see my perspective and understand what I am saying. If you disagree, let me know+ why, cuz I'm interested.
If I am wrong I will still have crypto left to take profit from, which is something I recommend everyone to always do. Be prepared for both sides, and execute when the market moves to either, this way you will always end up with more money n your hands. Which is the only goal there is.
I will upload a similar perspective on XRP as I just use the BTC chart to analyze where the overall market will go, however I do not invest in BTC as I believe I can make more return with other projects. Hope you guys see my perspective and understand what I am saying. If you disagree, let me know+ why, cuz I'm interested.
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