BTC - Update on my Short / Strategy
I suspect that Bitcoin will break down and hit 7,000 to 10,000.
I’ve heard many remarks about this being unrealistic or impossible, but the reality is the chart is respecting the prediction and trendlines.
While bitcoin can execute a zig zag pattern (34,000 - 45,000 - 8,000) - it technically doesn’t have to.
If the TA pattern supports a move to be executed by a measured move, there is no way of stating what’s possible or not in the path towards that level.
As an update to my TA - I’d like you to encourage yourself to stay open minded that if that low level is hit, it isn’t an apocalypse - it’s a measured drop from a technical analysis pattern. Assuming this does in fact happen, most people would be too fearful to buy in at that zone - and I am in fact encouraging you to do that.
Suspect a resistance level is approximate around 55,700 to 56,000
God speed
I’ve heard many remarks about this being unrealistic or impossible, but the reality is the chart is respecting the prediction and trendlines.
While bitcoin can execute a zig zag pattern (34,000 - 45,000 - 8,000) - it technically doesn’t have to.
If the TA pattern supports a move to be executed by a measured move, there is no way of stating what’s possible or not in the path towards that level.
As an update to my TA - I’d like you to encourage yourself to stay open minded that if that low level is hit, it isn’t an apocalypse - it’s a measured drop from a technical analysis pattern. Assuming this does in fact happen, most people would be too fearful to buy in at that zone - and I am in fact encouraging you to do that.
Suspect a resistance level is approximate around 55,700 to 56,000
God speed
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.