#BITCOIN - Long Term Swing & Mediums Expectations for 2022 - 7JKRAKEN:BTCUSD I had three scenarios 10 months ago for Bitcoin. The first scenario was higher high over 70K, the second scenario was drop from 52K to 17K. This combination shocked many investors & speculators - Lambo boys out. In long term swing period I expecting price to return to levels over 24'500 till end of July. That will be a good indication for the next target of 36'000 and will force medium term scenario.
What is the supported thesis technically for the expected scenario on #Bitcoin?
- There were a big capitulation, even whales are under water, some are liquidated - others won't be
- By Elliot Waves, Volatility Metrics, Cycles, On-Chain Data the buttom is established
- Capital Markets will correct in next two months and volatility will calm down
If you have any questions related to this trading idea I will be happy to provide you with answers
www.cryptopfy.com
