BTC - THE CLOLOUR OF YEARLY CANDLE PREDICTION IN 2022
I published quite the same idea before but I wanted to update it. As you can see the pattern of the yearly candles, they are suggesting this yearly candle 2022 can be a red candle. I think this year the whole market needs to rest for being fresh again to start a real uptrend. I know the bearish idea is a pain but this is the reality which I believe in. I hate bearish markets like everybody but I can't lie to myself when I know what the future is holding.
Anyway, apart from timing and many other technical stuff which have convinced me to be bearish , I have to mention again this matter, Tapering and interest rates will get tighter so that can affect the market negatively too.
Also, as you all know every financial market has a time for bull and bear, and now it's time for the bear market to complete. If we want to see a healthy and strong bull market again, this bear market has to be done.
So the lowest I can see now for BTC is around 20k. Remember in every BTC cycle we have had 85% correction but I have calculated 70% which can be 20k as I don't believe we get 85% correction for this bear market but I do believe we hit around 20k probably in the late 2022 or 2023 (Also 20k is the previous top in 2017).
If you like the idea, hit the like button!
Ehsan.F
Anyway, apart from timing and many other technical stuff which have convinced me to be bearish , I have to mention again this matter, Tapering and interest rates will get tighter so that can affect the market negatively too.
Also, as you all know every financial market has a time for bull and bear, and now it's time for the bear market to complete. If we want to see a healthy and strong bull market again, this bear market has to be done.
So the lowest I can see now for BTC is around 20k. Remember in every BTC cycle we have had 85% correction but I have calculated 70% which can be 20k as I don't believe we get 85% correction for this bear market but I do believe we hit around 20k probably in the late 2022 or 2023 (Also 20k is the previous top in 2017).
If you like the idea, hit the like button!
Ehsan.F
Nota
We are going to see the RED color most of the time in 2022.Nota
There is indeed still a long time to go, but the yearly candle has started with the red color.Nota
I have created my Telegram channel. If you are interested, you are welcome to join this free channel.Here is the link 👉 t.me/ehsan1307
Nota
20k would be the dip.Telegram:
t.me/ehsan1307
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⨝ 🟧 ⨝ Join my Telegram Channel for more:
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t.me/+gCqQMWP4QN4xM2Fk
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.