Possible drop levels for BTC

MOST BEARISH: Every time BTC has ever gone beneath the mid-line of the red Gaussian channel, BTC drops at around 56% to 58%. If this scenario plays out again with a 58% drop, it could find previous resistance at around 19,892 (circled in green) or the 20K mark o_O and use it for support then we blast out of here for an epic bull run.

NOT AS BEARISH. It is possible that would could find support at around 28,800 (circled in green) and then we blast out of here.

I'm ultimately ultimately bullish like 99.99% of you. If neither scenario plays I will be happy to be wrong and congrats bulls. <( ' ' )>

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♪ So fresh and so clean clean ♪

Trade closed: target reached:

showing resistance on the other side at 19500.00 which could offer temporary support, close enough for me

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Comment:

I just wanted to add that if you draw a fib retracement on BTCUSD:COINBASE from the low of 28800.00 to ATH of 69000.00 you will see that the 1.414 falls squarely on 20058.45 and we've recently hit 20071.00. If you take if further down, the 1.618 falls at around 16783.72 but the closest resistance/support on the other side is at 16892.00.

I'm just adding this because I didn't want to add any undue hopium and get anyone rekt assuming the 1.414 was the bottom. Also not a huge fan of FIBs as these tools have been exploited to push past stop losses etc.

Currently looking at some absorption as delta showing a steady increase and price keeps pushing up and getting pushed back down, eventually buyers become exhausted over time and a large push of sellers could come in the market and wick the price down. Only thing I can say is watch as the buying waves become thinner and have fast fingers. Don't get 😳

Trade closed manually:

geez, what do you have to do stop this from running, trying this option