A Short Respite Before The Fall

Updated

I never short, even when I firmly believe things will go down, so I won't advise it. However, this is what I think will probably happen, and it's been that way for a while now.

Act cautiously. Do not follow blindly what "analysts" and random people like me write on the internet. Let's all use our own brain. Do not invest what you can't afford to lose. If something looks too good to be true, it's probably because it is.

Best regards.

Note

Bitcoin is on track to reach my target so far. The price will likely fall to $17600 before September 11.

Note

BTC closing above $22400 today would be a great sign for the bulls. However, the price would still be inside a wider descending channel. This could be a bull trap.

Note

BTC's price was pushed back at $22800 and fell to its support at $19800 because of some news related to inflation. I honestly don't think the bulls have enough juice to retest the resistance at $22400. I'm expecting the price to drop further.

Note

The big fall is almost here.

Phenor

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