I am expecting another sudden drop soon, followed by consolidation /sideways movement. It would be best for BTC to move in a descending fashion to a final bottom of ~42k, completing the fractal and making way for upside. โฌ
๐ปFor BTC to be considered in a bear market , we need to go below ~39,700 level.
Check linked idea for further information.
Thank you so much and always remember ๐๐
๐๐๐This is not financial advice๐๐๐ Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set๐
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
๐ถ
Note
We are at a very important point in this structure. Watching closely on the daily.
Thank you so much ๐๐
Note
Note
As you see we did get rejected from top of channel here.
Last plan did not go as expected, we bounce off 200 day MA and up to ~52k where we got rejected. Now today we see a death cross (9day MA going below 200 day MA)
I think it is very possible we come down a good amount now before more upside!
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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.