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Bitcoin BearishAs what was expected in my last idea we went up from 30k to exactly hit my last target and now i think nothing is changed that means we are going down 30K again at 30K lvl we have 2 choices : 1- we will have anogther xxz correction to end the wave 4 before going deeper to 20K lvls and it must be a triangle because we can not have 2kind of same correction in one wave i can not exactly say where the xx wave will end and the triangle will starts but i think it will be the 36k lvl or the 30k it depends on the price action at these levels 2- we do finished the wave 4 as my last Idea and now we are going down to around 20K to finish the wave A from the Main ABC corection we can decide when we see the price action at that lvls but it seems that we still need the xxz correctopn because untill now we did not see enough bearsh power please see my last idea to understand what i mean
Short
by bakir89
15
Bitcoin going down! 8k - 12k bottom Another one! Here we have the head and shoulders formed right after the Musk sell zone. The trend is your friend so follow it. I'm shorting down to target #1. Then Ill accumulate at the Bezzos buy zone!. I called this on another idea but it was stated as soon as the Wykoff distribution showed the BC (Buyers Climax) Phase. The time is now. Good luck everyone. Please like and comment. This is my analysis and idea. Do your research and due diligence before investing, trading, and leverage trading. This is not financial advice.
COINBASE:BTCUSDShort
by Samabby
2
Bitcoin to 20kHello Traders and Investors, Bitcoin is not looking great on the TA case. We broke under an uptrend and couldn't get back above it on the 4H time frame. This is a classic ABCD wave setup with a target at roughly 25k. Once we do hit 25k, we will most likely retest 30k and make our way lower to 20k. I have made a post back in February suggesting Bitcoin will top out at 63-65k and a correction to 30k will happen. At the time, I was in favor that we will see Bitcoin at 120k after a correction to 30k. But taking a look at price action and Bitcoin's history; a move lower to 20k is most likely to happen at some time. Unfortunately, many people will not take this lightly since majority of people bought this at higher prices and are on some hopium. But Bitcoin and Crypto as a space have grew very quickly, this correction is part of the crypto cycle. Also Bitcoin have always retested previous ATH before going higher. Of course, there is a possibility for Bitcoin to continue higher, but odds are against it currently. We will want to see Bitcoin close above 42k or make higher high before we can flip bullish again. Let me know your thoughts.
COINBASE:BTCUSDShort
by Abdorhman-Thi