Hello guys, I'm here again to show my idea over the chart BTCUSD. Today I saw in social media how much people got desperate about the crypto market and the bloodbath of today and last week, I even saw people that lost a lot of money glambing instead of trading The reason of this feeling is the lack of knowledge and the
unprepared psychological to lead with losses.
We are watching in this exactly moment that BTC is in a huge downtrend, the MAs are confirming that andbears are pressing hard to close below the psychological area in $5000.
Just one question... If people were not buying $6,2k, you think they would buy $5,5k? Another one... If people were not buying at $5,5k you think they'll buy $5k? You must think with no feeling at this. What I may tell you can make you sad but THIS IS NOT THE BOTTOM! By my analysis you'll see that we must fill some spaces before the bull run. Where I expect the bottom? Follow with me.
First when we look at a chart like this, is clear that the chart is gonna work some price action. Is undestandable that we may see a consolidation by now and visit $5,8k before going even lower. All depends how we gonna close this daily candle. After a touch in resistance at $5,8k and possible in the trendline,we may reach another important level that is $4,5k (if we not go straight to that level). Our point of reversal complying with all standards of fibonacci and the 200 MA will be around $3,5k with the possibility 10%up or 10%down. That will be the gold chance to buy some coins.
And you must ask yourself... If people were not buying BTC in $4,5k, why would they buy at $3,5k? Well... The institutional money will start to come in that area. You'll notice when an accumulation zone will start to appear, and suddenly, like last year pump, the gonna reach ATH with 30-45 days.
Forgive me my bad english, but I'm trying my best here.
Keep following your and please "like" this idea. Any doubts? Send in the comments or in our telegram.
Thanks for visiting.
unprepared psychological to lead with losses.
We are watching in this exactly moment that BTC is in a huge downtrend, the MAs are confirming that andbears are pressing hard to close below the psychological area in $5000.
Just one question... If people were not buying $6,2k, you think they would buy $5,5k? Another one... If people were not buying at $5,5k you think they'll buy $5k? You must think with no feeling at this. What I may tell you can make you sad but THIS IS NOT THE BOTTOM! By my analysis you'll see that we must fill some spaces before the bull run. Where I expect the bottom? Follow with me.
First when we look at a chart like this, is clear that the chart is gonna work some price action. Is undestandable that we may see a consolidation by now and visit $5,8k before going even lower. All depends how we gonna close this daily candle. After a touch in resistance at $5,8k and possible in the trendline,we may reach another important level that is $4,5k (if we not go straight to that level). Our point of reversal complying with all standards of fibonacci and the 200 MA will be around $3,5k with the possibility 10%up or 10%down. That will be the gold chance to buy some coins.
And you must ask yourself... If people were not buying BTC in $4,5k, why would they buy at $3,5k? Well... The institutional money will start to come in that area. You'll notice when an accumulation zone will start to appear, and suddenly, like last year pump, the gonna reach ATH with 30-45 days.
Forgive me my bad english, but I'm trying my best here.
Keep following your and please "like" this idea. Any doubts? Send in the comments or in our telegram.
Thanks for visiting.