Hi everyone,
lets speak about BTC and where we currently are and where we heading.
I decided to post today because some of you was sending me messages about why Im always bearish and biased. Thats simply not truth. My view is always presentation of what charts telling and I could see in it. Nothing else.
And at present time I could se only two reasonable way where we could go -> Green/Red arrow.
So yesteday, we revisit our Yearly opening price ( or NECKLINE as many refer to it ) and bounced a bit. Right there we should pay attention, cause its happend for several times already, where we reached to that bottom after fall from 64k . We recently had a dead cross, which many says indicates Bear market, I necceserly not agree with that, but lets say that probability of going lower is highier then of heading straith upwards. With that said, we should aswell remember that our move from end of year 2020 to ATH was too dynamic and was clear bubble SO its possible that price will return to the mean = to reasonable price where it made a move.
At time of this publication we sit around 33100ish AND IF we are able to close today under 33400 Im comfortable with RED option or being called bear just because math suggest its correct side to be at ,at least to the point where we going visit our YOP (NECKLINE) again and then remain to see if BULLS will be able to hold that price or we follow to the mean.
Those who like or agree with my analyse/prediction PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback will motivates me to providing more of my views. Wish everyone good luck in trading.
Best regards,
Joe.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.
lets speak about BTC and where we currently are and where we heading.
I decided to post today because some of you was sending me messages about why Im always bearish and biased. Thats simply not truth. My view is always presentation of what charts telling and I could see in it. Nothing else.
And at present time I could se only two reasonable way where we could go -> Green/Red arrow.
So yesteday, we revisit our Yearly opening price ( or NECKLINE as many refer to it ) and bounced a bit. Right there we should pay attention, cause its happend for several times already, where we reached to that bottom after fall from 64k . We recently had a dead cross, which many says indicates Bear market, I necceserly not agree with that, but lets say that probability of going lower is highier then of heading straith upwards. With that said, we should aswell remember that our move from end of year 2020 to ATH was too dynamic and was clear bubble SO its possible that price will return to the mean = to reasonable price where it made a move.
At time of this publication we sit around 33100ish AND IF we are able to close today under 33400 Im comfortable with RED option or being called bear just because math suggest its correct side to be at ,at least to the point where we going visit our YOP (NECKLINE) again and then remain to see if BULLS will be able to hold that price or we follow to the mean.
Those who like or agree with my analyse/prediction PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback will motivates me to providing more of my views. Wish everyone good luck in trading.
Best regards,
Joe.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.
