BTC on a weekly frame
So some of you might think that I'm crazy but I'm posting this anyway, I can see three options,
first one (Yellow) : we will do a re-test from here to the support area 40-44K then the price will drop to the below supports.
Second (white) : we will touch the support 28-30 then re-test the 40-44K area, after that it will fall again.
Third (Blue): it will drop to 28-30K directly then a re-test to 36-37K then drop again.
from my point of view: any price uprising in the upcoming weeks or days will be a possible way to sell not to buy more.
this analysis would fail if we had a weekly close above 44500 with a good volume .
I mentioned that BTC and ETH will drop since long time ago you can see the old ideas mentioned below.
Note: this is a weekly frame so it needs time.
first one (Yellow) : we will do a re-test from here to the support area 40-44K then the price will drop to the below supports.
Second (white) : we will touch the support 28-30 then re-test the 40-44K area, after that it will fall again.
Third (Blue): it will drop to 28-30K directly then a re-test to 36-37K then drop again.
from my point of view: any price uprising in the upcoming weeks or days will be a possible way to sell not to buy more.
this analysis would fail if we had a weekly close above 44500 with a good volume .
I mentioned that BTC and ETH will drop since long time ago you can see the old ideas mentioned below.
Note: this is a weekly frame so it needs time.
Note
The Blue and White scenarios have been cancelled, now we will see the yellow scenario and watch what happens:breakout 44500 with a weekly close and a good volume or Continue the dump to the below supports.
Note
hey guys, do u remember me?
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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.