BITCOIN Daily TA : 12.26.21 : $BTC
A pessimistic but still probable analysis of Bitcoin (I try to explain it very simply and understandably): Well friends, as you can see, 4 weeks ago the support price of the important 20-week Exponential Moving Average EMA20W lost and has stabilized below this range. It is interesting to know that this week the price hit this moving average by reaching to $ 51700 and showed a negative reaction to it, the optimistic scenario is the same as the previous analysis we talked about . The pessimistic analysis begins with the fact that if we consider the drop from 69K to 42K as a spike and a complete bearish wave, in the last 3 weeks the price is just preparing and building a base to drop more and start The next wave , if this analysis is confirmed, the descending targets are marked on the chart in order that if we want to consider an AB = CD pattern to fall again, the target will be $ 25,000. Note that this is one of the most pessimistic analyzes available, and I just thought it's my duty to share my analysis with you, and that if the price can break the EMA20W and stabilize above it (especially above 57K) this analysis will fail.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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