BTCUSD Hypothesis
Updated
Looking through my 2 day and 3 day charts , I have documented a few circumstances in which it is very plausible we will be seeing a healthy ebb in price action. It seems when we get a "short exhaustion" during our bull run dumps, this is just consildation to sustain a further push . My 2day has created it's lower pivot and the 3day has yet too.
I dislike giving numbers, but just incase i am right I would like this to be documented. I foresee price coming down 8227 through a wick and body closing above 8772, possibly 9124.
However if price does not bounce , depending on the time frame you are looking at the next support is 7.6k-7.2k than 6.6k-6.1k.
It will be very short lived and a chance to accumulate more BTC. However this is only my opinion , please do your own research and only use my ideas to further interpret your's. Apologies if this idea does not look asthetically pleasing as other's postings, still figuring this out!
Below is a chart of a 2 day in previous Bull run demonstrating the short exhaustion as a healthy decline , only to consolidate and continue a sustainable bull run.
A chart of 1day/2day/3day with supports and resistance
I dislike giving numbers, but just incase i am right I would like this to be documented. I foresee price coming down 8227 through a wick and body closing above 8772, possibly 9124.
However if price does not bounce , depending on the time frame you are looking at the next support is 7.6k-7.2k than 6.6k-6.1k.
It will be very short lived and a chance to accumulate more BTC. However this is only my opinion , please do your own research and only use my ideas to further interpret your's. Apologies if this idea does not look asthetically pleasing as other's postings, still figuring this out!
Below is a chart of a 2 day in previous Bull run demonstrating the short exhaustion as a healthy decline , only to consolidate and continue a sustainable bull run.
A chart of 1day/2day/3day with supports and resistance
Note
Looks like my hypothesis was slightly correct, only time will tell. Good luck all!
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