Will BTC continue its dump or it'll surprise everyone
Hi dear community members, my lovely and loyal followers, I hope you are fine and make good trades.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
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