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Analysis on #BTC
Hello friends.
Bitcoin is at a support level and sadly it is not able to stay above 50000 after losing Mr. Elon's endorsement, to be honest guys we were not able to keep going up for sometimes and what happened could have happened without Elon's last tweet.
Looking at the chart, I see the market wants to test 40000 which is the previous high, also it is harmonic ABCD completion, which will be a 35% correction.
If the market falls below 40000 we might see 30000 and that my friend will be a 50% correction from the top, that would be huge money left out the market, we might be talking about 350 billion from BTC and approximately double that amount from so we are talking about 1000 Billion to leave this market.
So here what I think:
I think this market came to a level where its size supports it, what I mean is, it is not easy for 1000 billion to leave the market, think of who owns this thousand billion or one trillion worth of coins.
I like to think that the market is mature enough to not crash like 2018, and we can expect that 20-35% percent correction is normal, and we will not see an 80% bear market or so.
Crypto now is a big part of the financial market and has proven itself to be a technological edge not when the market was 100B, we are now even after a recent dip setting at 2250B.
i am watching BTC and other major coins setting at support levels to see if we spark a rally from here, otherwise, we might visit the numbers mention above.
Safe trading everyone
Check today analysis below⠀
>> “Time is your friend; impulse is your enemy.”
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis on #BTC
Hello friends.
Bitcoin is at a support level and sadly it is not able to stay above 50000 after losing Mr. Elon's endorsement, to be honest guys we were not able to keep going up for sometimes and what happened could have happened without Elon's last tweet.
Looking at the chart, I see the market wants to test 40000 which is the previous high, also it is harmonic ABCD completion, which will be a 35% correction.
If the market falls below 40000 we might see 30000 and that my friend will be a 50% correction from the top, that would be huge money left out the market, we might be talking about 350 billion from BTC and approximately double that amount from so we are talking about 1000 Billion to leave this market.
So here what I think:
I think this market came to a level where its size supports it, what I mean is, it is not easy for 1000 billion to leave the market, think of who owns this thousand billion or one trillion worth of coins.
I like to think that the market is mature enough to not crash like 2018, and we can expect that 20-35% percent correction is normal, and we will not see an 80% bear market or so.
Crypto now is a big part of the financial market and has proven itself to be a technological edge not when the market was 100B, we are now even after a recent dip setting at 2250B.
i am watching BTC and other major coins setting at support levels to see if we spark a rally from here, otherwise, we might visit the numbers mention above.
Safe trading everyone
Check today analysis below⠀
>> “Time is your friend; impulse is your enemy.”
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
