Previous post same. Just for Future reference, mirrored channels begin correctly
Chart explains reasoning for entry. Double confirmation from mirrored correction channels.(same width and -angle). Targeting liquidity SLs below local low.
Have a look at my pattern recognition precision. I predicted the bottom of first swing to 16k$ before price even reached that. Best technical analysis tool? PITCHFORK. ENTRY, SL AND TP ON CHART. thank me later :)
Pitchforks that price has respected have all 3 levels aligned as resistances, also liquidity taken, FVG waiting to be filled at 32k. SL 53,500$ TP 32,000$
// BTCUSDT 1W price prediction, based on VWAP's and channel theory. If the cycles truely repeat themselves as they have done before, I expect BTC to actually bottom out by the end of the year, after which coins are mostly held by long-term investors, protraders and centralized exchanges. Lets see how it actually plays out, but thats my educated-guess. Like and...
From 3T to 1.5T, now from 2T to 1T. Seems to be a logical next leg down.
clearly continuation of downtrend, channel, pitchfork, anch VWAP, VPFR showing confluence for another leg down.
Another short idea, that might prove even more probable. Entry, SL and TP visible on the price scale.
I see many resistances from various channels. Short from POC to channel support/anch VWAP 95% support bands. Target 29k$. Risk:Reward 1:2.51
Bounce from channel support, target mid-term AVWAP.
A Solana short setup, as the crypto total market cap is still in a downtrend, I expect another leg down to channel support.
Bitcoin is still in short-term downtrend, slight correction back to downtrendline, to retest 100ema and pitchfork angle channel resistance. TBC