BTC - Watch for this correction Pattern to form
This is the same chart I’ve been presenting for a few months now. Bitcoin has been showing interest in correlating with DXY’s major breakdown to sweep these Uber low zones.
So long as we are respecting these trendlines, I’m convinced that Bitcoin will form a pattern approximate to these levels:
58,700 to 34,500
34,500 retrace up to 42,000 to 45,000
Rejection at this 42,000 to 45,000 zone indicated a drop to the ultra lows - 6,000 to 10,000
So far the price action and chart formation is pointing in this direction. I advise at least to keep an open mind, and understand that while most will expect bitcoin to go to zero. A sweep of these lows is just clearing liquidity prior to a 200k plus Bitcoin over the next 1-2 years.
If this happens, buy 6-10k level
We should see volatility the remainder of this Sunday and into Monday
So long as we are respecting these trendlines, I’m convinced that Bitcoin will form a pattern approximate to these levels:
58,700 to 34,500
34,500 retrace up to 42,000 to 45,000
Rejection at this 42,000 to 45,000 zone indicated a drop to the ultra lows - 6,000 to 10,000
So far the price action and chart formation is pointing in this direction. I advise at least to keep an open mind, and understand that while most will expect bitcoin to go to zero. A sweep of these lows is just clearing liquidity prior to a 200k plus Bitcoin over the next 1-2 years.
If this happens, buy 6-10k level
We should see volatility the remainder of this Sunday and into Monday
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.