🔥The most possible scenario for Bitcoin: $28-32k soon?
Hi friends! Do you remeber any bull market which start with a good news about crypto❓ I also don`t remember even one. As you can see the market is already -75% from it`s ATH and the amount of bad news only growing. Amazing sentiment indicator🚀
✅ In this idea i explain you some BTC patterns and what scenatio is highly possible for BTC in 1-2 month. This help you to make better decisions in your trading and make more profitable trades.
A lot of traders mention the 1t and 2nd false breakouts in their ideas. After this the price fall by -44-45% and they expect the fall by -45% after the 3rd false breakout to 13-14k now. I don`t think so. This pattern is too obvious for the majority at the market and as we know the majority can`t earn.
📊 My prediction is BTC consolidation in September and growth in October - November. Despite the September is the worts month for any financial markets, the price of BTC will not fall but will in consolidation/accumulation phase in$17-23k range. Of course it`s a good for the upcoming growth because:
1️⃣ a lot of newbies are bored of such markets and sell their crypto to more patient hodlers
2️⃣ the retailers and investor that bought Bitcoin and any other crypto 2 month ago or early sell it in loss. I remember the 2018 consolidation at the bottom and it sentiment that were then. It`s the same now.
📊 A lot of fundamental and technical things are showing me that the crypto are really close to it`s bottom or already were there:
🔥 Fall for >75% from the ATH
🔥 Greenwhich indicator BUY signal
🔥 Domination of short positions on crypto and stock markets
🔥 Negative Funding (the exchange PAYS fees to traders for opening margin positions)
..and so on.
✅ These are all signs of a "healthy" market. After a possible consolidation throughout September, retailers will leave the market and the big player will have enough accumulated Bitcoin to keep the price rising and they will be able to sell their BTC 200-300% higher.
🚩 In the mid term (October), we can expect the price growth at least to $28,000-32,000. That is where the first serious resistance is located.
Traders, was this idea useful for you❓ Write in your comments what scenarios you expect in the next 2-3 months.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✅ In this idea i explain you some BTC patterns and what scenatio is highly possible for BTC in 1-2 month. This help you to make better decisions in your trading and make more profitable trades.
A lot of traders mention the 1t and 2nd false breakouts in their ideas. After this the price fall by -44-45% and they expect the fall by -45% after the 3rd false breakout to 13-14k now. I don`t think so. This pattern is too obvious for the majority at the market and as we know the majority can`t earn.
📊 My prediction is BTC consolidation in September and growth in October - November. Despite the September is the worts month for any financial markets, the price of BTC will not fall but will in consolidation/accumulation phase in$17-23k range. Of course it`s a good for the upcoming growth because:
1️⃣ a lot of newbies are bored of such markets and sell their crypto to more patient hodlers
2️⃣ the retailers and investor that bought Bitcoin and any other crypto 2 month ago or early sell it in loss. I remember the 2018 consolidation at the bottom and it sentiment that were then. It`s the same now.
📊 A lot of fundamental and technical things are showing me that the crypto are really close to it`s bottom or already were there:
🔥 Fall for >75% from the ATH
🔥 Greenwhich indicator BUY signal
🔥 Domination of short positions on crypto and stock markets
🔥 Negative Funding (the exchange PAYS fees to traders for opening margin positions)
..and so on.
✅ These are all signs of a "healthy" market. After a possible consolidation throughout September, retailers will leave the market and the big player will have enough accumulated Bitcoin to keep the price rising and they will be able to sell their BTC 200-300% higher.
🚩 In the mid term (October), we can expect the price growth at least to $28,000-32,000. That is where the first serious resistance is located.
Traders, was this idea useful for you❓ Write in your comments what scenarios you expect in the next 2-3 months.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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