BTC Bear Scenario
Atualizado
Hello TV community,
We know that it is highly likely BTC will continue to go down further in this bear market.
Since my last post, I have fixed some minor stuff and added additional predictions now that I have access to a better PC.
I speculate the price of BTC can find support based on where the previous major support was before this massive hype, that is, before it took off to the 30k region where the real hype started and the support from crypto winter after the 2018 crash.
Where BTC will end up at which support it will end up is highly speculatory as of with any of this. It could either crash through the 2 supports to the bottom or bounce its way there. Or it could maybe consolidate at the 20k support area in the most bullish scenario. A good amount of people stated BTC may end up in the ~10k area. However, considering the years-long RSI cycle and the halving ATH /doubling post dump support, I believe the low ~20k area of support is entirely reasonable.
Feel free to express your ideas and critique my TA, always welcomed.
Goodluck and Happy Trading!
We know that it is highly likely BTC will continue to go down further in this bear market.
Since my last post, I have fixed some minor stuff and added additional predictions now that I have access to a better PC.
I speculate the price of BTC can find support based on where the previous major support was before this massive hype, that is, before it took off to the 30k region where the real hype started and the support from crypto winter after the 2018 crash.
Where BTC will end up at which support it will end up is highly speculatory as of with any of this. It could either crash through the 2 supports to the bottom or bounce its way there. Or it could maybe consolidate at the 20k support area in the most bullish scenario. A good amount of people stated BTC may end up in the ~10k area. However, considering the years-long RSI cycle and the halving ATH /doubling post dump support, I believe the low ~20k area of support is entirely reasonable.
Feel free to express your ideas and critique my TA, always welcomed.
Goodluck and Happy Trading!
Trade ativo
The dead cat bounce has been exemplified by the short liquidation. However, the momentum is losing as seen by the MACD crossover and falling RSI
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