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Bitcoin, BTCUSD- Will it meltdown from here?
Hello Tradingview..
Often when we're confronted with drastic moves, I like to present myself with the most drastic scenarios.
Here, I present yout the Ultra Bear!
As BTC acted pre covid, wedged upwards resulting in a "50% Bearish retracement" of the previous move.
Before absolute meltdown armegadon into covid low.
I'm seeing a potential parallel here, where btc is wedging up, and at a 50% retracement of the current move.
I'm not saying this with absolute certainty that the next move is down.
But if it is, prepare for:
44k
37k
and lower..
Often when we're confronted with drastic moves, I like to present myself with the most drastic scenarios.
Here, I present yout the Ultra Bear!
As BTC acted pre covid, wedged upwards resulting in a "50% Bearish retracement" of the previous move.
Before absolute meltdown armegadon into covid low.
I'm seeing a potential parallel here, where btc is wedging up, and at a 50% retracement of the current move.
I'm not saying this with absolute certainty that the next move is down.
But if it is, prepare for:
44k
37k
and lower..
Thanks for checking us out!
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
For access to our TradingView scripts, visit us at
linktr.ee/coinobs
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