Hello Tradingview..
Often when we're confronted with drastic moves, I like to present myself with the most drastic scenarios.
Here, I present yout the Ultra Bear!
As BTC acted pre covid, wedged upwards resulting in a "50% Bearish retracement" of the previous move.
Before absolute meltdown armegadon into covid low.
I'm seeing a potential parallel here, where btc is wedging up, and at a 50% retracement of the current move.
I'm not saying this with absolute certainty that the next move is down.
But if it is, prepare for:
44k
37k
and lower..
Often when we're confronted with drastic moves, I like to present myself with the most drastic scenarios.
Here, I present yout the Ultra Bear!
As BTC acted pre covid, wedged upwards resulting in a "50% Bearish retracement" of the previous move.
Before absolute meltdown armegadon into covid low.
I'm seeing a potential parallel here, where btc is wedging up, and at a 50% retracement of the current move.
I'm not saying this with absolute certainty that the next move is down.
But if it is, prepare for:
44k
37k
and lower..
Thanks for checking us out!
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
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.
Thanks for checking us out!
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
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.