Let's talk about long term BTC: Downtrend still in effect
Using the 3 swing volume confirmation method (3 lower lows on consecutive volume highs) confirmed the trend down...
What's happening right now is that we are in a period where we will be measuring the retracement back up (although I do predict a slightly lower low soon). We will be able to gauge and measure the amount that we will go lower once we know the full swing up.
We will apply it to the bottom of the low to get a target.
mid-term, I suspect that we will have a retracement upwards, but long term, Bitcoin is still set to go down further..... How much further? That will depend on how far back up we retrace to measure the pull back and apply it to the low.
What's happening right now is that we are in a period where we will be measuring the retracement back up (although I do predict a slightly lower low soon). We will be able to gauge and measure the amount that we will go lower once we know the full swing up.
We will apply it to the bottom of the low to get a target.
mid-term, I suspect that we will have a retracement upwards, but long term, Bitcoin is still set to go down further..... How much further? That will depend on how far back up we retrace to measure the pull back and apply it to the low.