Hey guys, this is my idea on BTC upcoming months. I think 64k is the ATH of this bull run and it is forming a DT pattern with the second top is a bit lower than the first one. I was already out of altcoins and BTC, now switching to trade mode when there are panics in the market.
Some BTC price point to bear in mind:
1st: 38k-40k
2nd: 30k
3nd: 18k-20k (This is gonna be a strong resistance for BTC in a long time before broken to some of the level from 7k-10k to end the downtrend period)
My priority is trading BTC only this time, altcoins will be very risky to catch in panic but much greater reward if you get in the right time (I think let's wait for altcoin to drop at least 50%-60% to fill your bag). Remember, it's trading mode, not hold yet. Hold will be possible at least 2 years from now, you can buy altcoins with 95-98% drawdown from the ATH.
Some BTC price point to bear in mind:
1st: 38k-40k
2nd: 30k
3nd: 18k-20k (This is gonna be a strong resistance for BTC in a long time before broken to some of the level from 7k-10k to end the downtrend period)
My priority is trading BTC only this time, altcoins will be very risky to catch in panic but much greater reward if you get in the right time (I think let's wait for altcoin to drop at least 50%-60% to fill your bag). Remember, it's trading mode, not hold yet. Hold will be possible at least 2 years from now, you can buy altcoins with 95-98% drawdown from the ATH.
Comment:
D1 candle is very bearish, BTC now is 41k2. 37k5-40k zone would be expected to reach today. Be ready guys.
I am waiting for:
ATOM: 18-22
Near: 4.5-5.5
AVAX 33-38
Remember, this is a short term trade. Profit expected from the dip 30-50% in a short time
I am waiting for:
ATOM: 18-22
Near: 4.5-5.5
AVAX 33-38
Remember, this is a short term trade. Profit expected from the dip 30-50% in a short time
Comment:
Hmm, altcoins seem to hold strong. I might need to adjust entries a little bit. I'll update later, let's see.
Comment:
BTC did approach the 40k zone a few hours ago but then leave a big fat wick at 40k2. Unfortunately, it was not following my plan, so i am still patiently waiting. I'm still bearish guys, nothing change. If I see bull back to the market, i'll update accordingly later.
For now, stay tune!!!
For now, stay tune!!!
Top altcoins to consider to catch when BTC reaches that level:
- NEAR
- ATOM
- AVAX
- SOL
- CELO
These are the coins that will have a good bounce up from the panic. Please DCA, dont all in in one spot, you have no ideas of how those altcoins can be in a panic.