BTC Recovers Then Keeps Going Down (20k - 12k - 6k)

- After major corrections BTC exactly confirmed both medium and long term downtrend however as oversold my
view now is BTC will rally back to two key 42k resistance levels and possibly up to 46K.

- However I know there is a lot of FOMO for the upside right now but overall I don't focus on the news over the past two weeks with Altcoins plummeting
while CZ (Binace) and Elon Musk (TSLA) keep calling for buy , then the classic sell-off took place and of course from the previous
update my absolute accuracy of BTC and Total market helped me avoid this classic drop.

- The two resistances that I think BTC can hit are 42K and 46K, then no matter which area as long as it doesn't go
above 50k, it is very likely that a large "SHS PATTERN" pattern is formed.

- Once the price drops below 30K we will see supports below 20k 12k and even 6k.

The market is very unpredictable but overall I don't mind coming to my conclusion that BTC has completely
downtrended and either way the recovery is temporary it will continue to bleed.

Don't forget to follow me on Twitter for quick market reaction views. My twitter: @NgBinhMinh

Comment:

A lot of bullish news this past week, I also saw a lot of pattern traders posted, I don't mean to mock anyone but before making a point let's see the big picture enough.

BTC has remained unchanged since the beginning of the downtrend so far and 20k is not my ultimate target, in fact I have a target at 12-14k.

Comment:

BTC always by your side to defend your point of view despite the temptations of the news, none other than me, now my goal is not just $20k I'm going straight to the point of $BTC and the end goal is $12.5k.