Yearly Analysis of BTC
Hello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is the analysis that I have been thinking about for a long time. Recently, there was confusion among the chart providers as I had doubts on many chart providers and finally found the perfect chart provider and now I am revealing the next few steps in the higher timeframe.
Typically when the chart is perfect it has to follow the directions because I don't predict the charts I go with the natural flow of the chart and even out of low probability it follows the direction.
The first move i am expecting is a bearish move and with this move, it will break the channel. The reason behind the first move is that the market is aiming to break 23881 support. Once it is broken the aim will be complete.
Now in the next phase market need to go below the 10K zone and for that, it will give a bullish move and will gather lots of bulls. After breaking the 31020 Resistance BTC will form a rising wedge and after this Market will fall Without any mercy.
The only thing that can cancel this is the market has to cross 120,000 this year or 150,000 before June 2024 and both are nearly impossible because the market needs 6+ trillion USD to achieve this and it's clearly impossible so the next choice is the market has to dip below 10K. If the market dips below 10K then it will cancel the bullish scenario and the market will be free and will move on its will but now the market is bounded between these scenarios and my bet is on below 10K and most probably it will happen.
One more point I want to mention we will catch the perfect peak and we will also catch the perfect bottom. Always remember me in your prayers and peace be upon you.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another trade with analyst Aadil1000x.
This is the analysis that I have been thinking about for a long time. Recently, there was confusion among the chart providers as I had doubts on many chart providers and finally found the perfect chart provider and now I am revealing the next few steps in the higher timeframe.
Typically when the chart is perfect it has to follow the directions because I don't predict the charts I go with the natural flow of the chart and even out of low probability it follows the direction.
The first move i am expecting is a bearish move and with this move, it will break the channel. The reason behind the first move is that the market is aiming to break 23881 support. Once it is broken the aim will be complete.
Now in the next phase market need to go below the 10K zone and for that, it will give a bullish move and will gather lots of bulls. After breaking the 31020 Resistance BTC will form a rising wedge and after this Market will fall Without any mercy.
The only thing that can cancel this is the market has to cross 120,000 this year or 150,000 before June 2024 and both are nearly impossible because the market needs 6+ trillion USD to achieve this and it's clearly impossible so the next choice is the market has to dip below 10K. If the market dips below 10K then it will cancel the bullish scenario and the market will be free and will move on its will but now the market is bounded between these scenarios and my bet is on below 10K and most probably it will happen.
One more point I want to mention we will catch the perfect peak and we will also catch the perfect bottom. Always remember me in your prayers and peace be upon you.
Don't forget to hit the like button and follow to stay connected.
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