BTC DROP LEVELS/ GRADUAL BTC/USD DERIORATION.
I ll be brief.
Rebounds as per chars are 42.000$ after retest of previous high which needs to start pumping B on the weekly candle expiry.
Then as per levels we again and mechanism of the BTC price indicates that this is the end of the bullrun (at least temporary), but B already dropped after tripple top attempt in and overall behavior of the fractal is temporary bullish from 00:00 UTC on weekly.
Fractal was formed from 10.000---->>>64750$.
We haven't saw 42.000$ retest attempt, we just had a second rebound from 47770$ (47500$ on binance).
We haven't saw 30k restest (which many condsider a " base" but, nor 20.000$ isn't retested as well and it will be retested later on (when BTC fails to breach 30.000$ from bottom 25.000$ drop).
From now onwards as per fractal movement and overall BIG TIME overbought BTC (MACD WEEKLY IS SCARY).
Drop will be gradial in a form LH from current price (i'd suggest not higher than 55.500$ as safe. (i marked 57211$ as top).
Next rebounds B levels will be 57221$ which will be followed by drop towards 42.000$.
Then we will se a rebound towrards 52500 and further deep drop towards 30.000$.
Then long towards 42000 and further collision through 30.000 and restest of 25k or instant 20.0000$ drop.
BTC dominance will decrease over time up to 32-33% (rest will be altcoins).
ONCE AGAIN
NEXT LONGS ARE :
-(47700 ongoing)--->57211 at best
-42.000$
-30.000$
-20.000$ (25.000 with s.l./2%)
-12.000$
__________________________________
Don't use big leverages (not larger of 4-4,5X at most (since next drop will be nominal 20% plus (57200===>42.000$) B. therefore it would wipe your positions mercifully if you don't follow level mentioned above.
Good luck everyone
Rebounds as per chars are 42.000$ after retest of previous high which needs to start pumping B on the weekly candle expiry.
Then as per levels we again and mechanism of the BTC price indicates that this is the end of the bullrun (at least temporary), but B already dropped after tripple top attempt in and overall behavior of the fractal is temporary bullish from 00:00 UTC on weekly.
Fractal was formed from 10.000---->>>64750$.
We haven't saw 42.000$ retest attempt, we just had a second rebound from 47770$ (47500$ on binance).
We haven't saw 30k restest (which many condsider a " base" but, nor 20.000$ isn't retested as well and it will be retested later on (when BTC fails to breach 30.000$ from bottom 25.000$ drop).
From now onwards as per fractal movement and overall BIG TIME overbought BTC (MACD WEEKLY IS SCARY).
Drop will be gradial in a form LH from current price (i'd suggest not higher than 55.500$ as safe. (i marked 57211$ as top).
Next rebounds B levels will be 57221$ which will be followed by drop towards 42.000$.
Then we will se a rebound towrards 52500 and further deep drop towards 30.000$.
Then long towards 42000 and further collision through 30.000 and restest of 25k or instant 20.0000$ drop.
BTC dominance will decrease over time up to 32-33% (rest will be altcoins).
ONCE AGAIN
NEXT LONGS ARE :
-(47700 ongoing)--->57211 at best
-42.000$
-30.000$
-20.000$ (25.000 with s.l./2%)
-12.000$
__________________________________
Don't use big leverages (not larger of 4-4,5X at most (since next drop will be nominal 20% plus (57200===>42.000$) B. therefore it would wipe your positions mercifully if you don't follow level mentioned above.
Good luck everyone
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