Hi, im just playing arround with a very bearish scenario which seems really ridiculous to be honest.
Anyway my TA is telling me that its actually a Thing which could happen. Im a fan of Curves in TA. And i noticed Btc´s Lows are a curve, which currently goes exponetially downwards.
The next support according to my Curve is arround 10000-13000 USD which is ridicolous low, i know. Call me crazy for charting this :D
If this is a correction then i would agree that this is a Must Buy right here. Also the more then 50% downward from ath could still be bullish as we went extremely fast up. so a more then the usually 40% correction was to be expected in my view. So im not sure about my bearish view yet.
On the other Side btc´s market cap reached over 1 Trillion which is already HUGE! which makes potential reversal not that unlikely.
Will link a "big frame" chart below which also hints at a potential reversal.
Im not sure about this, so take this analysis with a grain of Salt. DYOR.
Anyway my TA is telling me that its actually a Thing which could happen. Im a fan of Curves in TA. And i noticed Btc´s Lows are a curve, which currently goes exponetially downwards.
The next support according to my Curve is arround 10000-13000 USD which is ridicolous low, i know. Call me crazy for charting this :D
If this is a correction then i would agree that this is a Must Buy right here. Also the more then 50% downward from ath could still be bullish as we went extremely fast up. so a more then the usually 40% correction was to be expected in my view. So im not sure about my bearish view yet.
On the other Side btc´s market cap reached over 1 Trillion which is already HUGE! which makes potential reversal not that unlikely.
Will link a "big frame" chart below which also hints at a potential reversal.
Im not sure about this, so take this analysis with a grain of Salt. DYOR.
Comment:
As long this support holds we could be still in a bullish correction tho.
Comment:
Abandonded this idea, its just too deep of a drop and support still holds for now
Here´s the potential resistance curve on the multi-year Frame.