BTC: M Pattern & how it can work out
Hello,
Coming back on my previous post, this is a possible outcome that generally happens when a M pattern is happening. A break through the support of the middle section of the M, with a quick fall+retest of the same support that now becomes a resistance.
As you can see 20k is an ideal bottom and you should join me in doing a big buy here. This support can reach very fast, it is only a timeframe of a couple of weeks. However, we should also open a sell around the 30-31k zone when this happens, to cover for earlier buys around the 30k section this year.
Don't think that we can never reach it.. BTC also did 20k to 4k in 2018. that is 80% dip. compared to ath 65k.. this 20k dip is possible.
However, in the end we can never really 100% know. News also influences crypto alot and that is why I am not going 100% usdt until 20k is reached or whatever other super bearish plan. I am simply accounting for this possible outcome.
Coming back on my previous post, this is a possible outcome that generally happens when a M pattern is happening. A break through the support of the middle section of the M, with a quick fall+retest of the same support that now becomes a resistance.
As you can see 20k is an ideal bottom and you should join me in doing a big buy here. This support can reach very fast, it is only a timeframe of a couple of weeks. However, we should also open a sell around the 30-31k zone when this happens, to cover for earlier buys around the 30k section this year.
Don't think that we can never reach it.. BTC also did 20k to 4k in 2018. that is 80% dip. compared to ath 65k.. this 20k dip is possible.
However, in the end we can never really 100% know. News also influences crypto alot and that is why I am not going 100% usdt until 20k is reached or whatever other super bearish plan. I am simply accounting for this possible outcome.
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