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PayneResidence
Nov 28, 2022 7:17 AM

BTC one last capitulation Short

BITFINEX:BTCUSD1W
Bitcoin / DollarBitfinex

Description

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I am expecting one last capitulation for BTC, miners are still in problems, difficulty is rising, stocks will turn to down soon. Also we have mid December FOMC and CPI coming. This will be one last drop and we can expect accumulation after, so not bad play to start buying after the last capitulation. Good Luck!
Trend AnalysisBTCBTCUSDBTCUSDTBitcoin (Cryptocurrency)bitcoinforecastbitcoinpricebitcoinanalysisbitcointradingbitcoinusd
Comments
davecarroll1
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Which volume profile indicator do you use, there seems to be a few. New to trading and tradingview.
PayneResidence
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@davecarroll1, Fixed Range Volume Profile tool on Trading view
davecarroll1
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@PayneResidence, Thank you.
shimmeringpath
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6000? I hope not ! Wish this would just happen soon . Thanks for chart .
PayneResidence
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@shimmeringpath, I didn't say 6000, looks at the red drawing on the chart, with the arrow, it's around 12K, something like that
shimmeringpath
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@PayneResidence, got it , thank you , I'm sure no one is expecting it to go too low
SwallowPremium
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We like your perspective, keep it up!
JoyBoyVegae
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Agreed the chart. Highly possible can go a lot lower than that keep an eye. 🐻
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