It is going to get worse...BTC accumulation season!
everyone that Bull flag has to be viewed from the monthly chart for BTC, lol... $54,005.92 will cause BTC to test the bottom of its prior monthly FVG. That would make a low of $49,007.18. I will call this the max pain low for Bitcoin if we hit that level. @here. The monthly secret sauce tells me it is definitely going to get worse. The monthly truth also shows things are about to get much worse. The sale signal was just formed.. My projection of the absolute bottom for BTC or the max pain level is $47,221. If you look at the one day setup on the secret sauce you see BTC support is all the way down to $37,814.54. 600million of leveraged longs have been wiped out on BTC today. I hate to be the barrier of bad news, it is going to get worse. Much worse... NFA
I like it here!
I like it here!
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.