The main purpose of this post is to say "I told you so!" to all of the Moon Jockeys on YouTube. I have been so annoyed by all of the major breakout talk due to BAKKT that I could just scream. As per usual, we have experienced a dump on the day of great reckoning. First CME Futures. Then it was the ETF. Now BAAKT. Or BAKKT. Whatever the heck it is, it dumped. Next time it's going to be the halving. Mark my words, it will be the same thing as what we saw today. The buildup will cause everyone to FOMO in, and the whales will sell on the day.
"That being said" (I HATE it when everyone says that phrase on YouTube), let's get to the prediction. I think our bearish trend will continue, and we'll trade within the boundaries of the yellow parallel trading channel. $5400 is possible. Slight chance of a big bounce up before we hit that low, but I think that is where we settle down. You will notice on my chart that the Big Blue 2.618 fib circle boundary crosses the trading channel in the neighborhood of this price.
IF we fail the 2.618, we'll set sail for the next ring below. I have described this in my CryptoPro YouTube video.
We'll keep it brief. I need to study the chart and see if I can find some intermediary magical fib circle sets so we can cut a path to the bottom point. In the meantime, this is not financial advice. Just my opinion! Please check out my YouTube video here, and feel free to comment with your thoughts.
See ya next time!
Carlton Flowers
The CryptoPro
"That being said" (I HATE it when everyone says that phrase on YouTube), let's get to the prediction. I think our bearish trend will continue, and we'll trade within the boundaries of the yellow parallel trading channel. $5400 is possible. Slight chance of a big bounce up before we hit that low, but I think that is where we settle down. You will notice on my chart that the Big Blue 2.618 fib circle boundary crosses the trading channel in the neighborhood of this price.
IF we fail the 2.618, we'll set sail for the next ring below. I have described this in my CryptoPro YouTube video.
We'll keep it brief. I need to study the chart and see if I can find some intermediary magical fib circle sets so we can cut a path to the bottom point. In the meantime, this is not financial advice. Just my opinion! Please check out my YouTube video here, and feel free to comment with your thoughts.
See ya next time!
Carlton Flowers
The CryptoPro