BTC! Get Rid of it I think I need to review the house rules. One of the 3 ideas I posted is not approved. And why can't I post a video idea? I am open to your help in this matter. I want to use Trading in English, but I wanted to share in both English and Turkish. but I guess that is not possible. I can never say no to any solution proposal.
I am a finance graduate student sharing graphics from different social media channels. The trend-based fibonacci time zone indicator in my drawing on the bitcoin (coinbase) chart usually points to critical periods. As you can see, we will be experiencing one of the vertical blue lines tomorrow too. It seems obvious that the first three worked. I don't see a reason why it shouldn't work this time. The candle, which will symbolize the 22 May trading day, is likely to visit the level of 28,863. At least that's my opinion. I foresee that the return pattern will start on the following day.
However, I should say that the bullish scenario can start on May 23, if it is realized above the level of 36.735 as of the daily closing. Although I call it a bullish scenario, I do not think the price will exceed the 43-45 thousand range. I hope it will pass, but my charts say that BTC will see the levels of $ 28,863 first and then $ 19,891. Actually, without being emotional, the main confirmation point of the chart is at the level of $ 19,291 that I mentioned.
I believe this will happen because both the price has dropped below the 200-day moving average and all cryptocurrencies have exhibited these movements, why shouldn't BTC do it? so maybe the bitcoin dominance will disappear and the market will take on a more unique structure. We need to get rid of BTC! This ecologically and technologically obsolete product that threatens the health of the entire market should not be allowed to affect projects with strong fundamental analysis. Alternative coins, which resisted on the day of the fall caused by Vitalik's sales, gave positive signals about the collapse of dominance. However, the next day, as the etherium fell sharply, they also dropped to funny prices.
