Despite all the market decline and market negativity, my prediction of the next movement still bullish until we reach $80,000$.
Reasons for this market lecture :
I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.
Reasons for this market lecture :
- Greed and fear index is repeating the same cycle as 2021 bull market.
- Accumulation pattern : as explained before , bitcoin is in bullish flag pattern which is the most bullish pattern in technical analysis world.
- False breakout of the bullish flag pattern : this is one of the extremly bullish reversal signals.
I expect that the market will enter a short term accumulation. This accumulation will make the Greed index reaches 20 to 25. Then it will target $80,000.
Note
As explained before , market is now formin a double bottom resetting the greed and fear index to 25. Main target will be 80k.
Note
Greed and fear index is now reseting to 20~25 as explained in the chart. The market will aim upside from now.Note
As predicted , greed and fear index triggered the fear level at 24. Now it's aiming to extreme greed level around 90.Trade closed: target reached
Target reached.
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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.