On the 4h time interval, a clear ascending triangle with a false breakdown has form, this indicates that we are going into the third wave, thus going on a short but strong bull run. But what will be our next stop? Using the fib retracement our next ath must be around 90k. DO NOT SHORT, HODL OR LONG
BTC is at a range, this week is key for the next possible trend
BTC seems to be on a range, we might seek a ath or to form a shoulder, but we would look to touch the 24k zone in order for another big bull run.
Just an idea, don't take it seriously, just my opinion
Harmonic bullish pattern forming on BTC, we might see a dump soon, but this would help us break 40k. Short idea. Thanks UrDaddyBB :)
IMO btc might find a double bottom around 30k-28k Then we might pump.
A big rising wedge triangle has formed on btcusd We might dump any time soon. We are facing a strong resistance at 38.5, which we might not break. Shorting rn might be an option. REMEMBER IT IS JUST AN IDEA. Thanks UrDaddyBB
2013; bitcoin suffered a big correction, it went down around 87%. 4 years after that correction began on 2017 another huge correction took place, this time bitcoin went down around 81% and also 4 years after the 2017 correction on 2021-2022 a new correction might have began? Well I actually think we are actually about to see how btc dumps, probably to 20k, due...
Breaking 39k confirmed break down... Bear market is here guys, You better sell now, shorting 38k wouldn't that bad, don't wait to be rekt. 29k should be our first target, but things can get worse...(I will be posting a chart explaining how, so be ready) Peace out! Ur Daddy! :))
If we aren't able to break 40k support we might bounce Btc W forming might be very dangerous, 52k might be the target of this bounce.
Can we go to 29k?? Sure we can, On daily chart we can see a falling wedge triangle, pointing around 29k or 28k. And it totally makes sense, we might do a double bottom at that area and then we might moon to..... 100k!!!! Buy the dip, sell the top. Ur guy URDaddyBB :))
To 40k?..... or 37k?.... Can we go even less?.... We might go even less than 40k, of course it is an option, but IMO we might need a Pamp before, maybe 48k. Remember, it is just my opinion. PATIENCE IS THE KEY, DON'T PANIC. Cheers, UrDaddyBB.
Big falling wedge triangle forming till 40k, W forming on daily, we are getting ready to moon guys!!! Sorry for the little description I'm new to this, hope you enjoy my analysis.
Big hs forming on weekly, and huge M formed on monthly, both bearish indicator. Bitcoin Is just about to go down and hard.