What bitcoin is gonna do (probably) it will go to 24000 then to 20000
I smell a big boy recession coming. The yield curve looks like my 2yo self drew it. Did you get the punk? Don't you?!
This is what i'd like to happen with bitcoin tbh Dump to the 21382 level, have a double bottom, then pump to 23k, then dump to 19-20k
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The Euro was very close to testing parity today, but it didn't. We are seeing a little bounce here. This changes nothing though. The first trendline has not been broken and neither has the second steep one. It looks like the 1.24 level has been acting as a resistance in the past years. Macro remains bearish. It's simple. We are going to test parity sooner or...
We need BTC to hit 20.7k and get rejected immediately. That forms the double top we need. Once the double top is complete and it retracts, we short at 20.4k.
It's below the trendline, short it to the June 2020 low Short it to 1670
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It's simple. We fail to hold support, we go down again. We hold support, we get some more pain before tanking.
BTC Bottom If we hold above 20092, the bottom is in & we pump this summer