Hello my friends.
I hope are you are safe and well.
Our target that we are calling from 1st of November 2021, finally reached.
The 26k area that we setted as our target to close our short position, done.
Whats is from now and on.
Personally I am out of the market with all my money in Fiat (NOT STABLE COINS)
My opinion is that we are in the stage that Technical analysis will not help us.
All is about news, fundamentals and one situation between West and East.
In any case I am providing my opinion based on chart only, but i am clarifing that
i am not a supporter of this market at the moment.
Personally i believe we will crash more.
The weekly time frame is more than awful.
Based on ADX and DI the trend is bearish and very strong!
The RSI need to cool down further!
Based on waves, Bitcoin is following an ABC correction waves, and from the moment that we broke
below 29k it confirms that the wave C process is started.
This ABC waves are moving through channel that if we count the waves, this channel is pointing one
price area between 11k - 14k.
Once the price action close below $24300, i expect anothe flash crash in the mentioned area.
I am speaking about flash crash because I am not expecting this to take long.
I will not surprise if we will see 11k-14k during 3-4 weeks from now.
As always, the decision is yours.
Your comments are appreciated.
Have a nice day and good luck with your choices.
I hope are you are safe and well.
Our target that we are calling from 1st of November 2021, finally reached.
The 26k area that we setted as our target to close our short position, done.
Whats is from now and on.
Personally I am out of the market with all my money in Fiat (NOT STABLE COINS)
My opinion is that we are in the stage that Technical analysis will not help us.
All is about news, fundamentals and one situation between West and East.
In any case I am providing my opinion based on chart only, but i am clarifing that
i am not a supporter of this market at the moment.
Personally i believe we will crash more.
The weekly time frame is more than awful.
Based on ADX and DI the trend is bearish and very strong!
The RSI need to cool down further!
Based on waves, Bitcoin is following an ABC correction waves, and from the moment that we broke
below 29k it confirms that the wave C process is started.
This ABC waves are moving through channel that if we count the waves, this channel is pointing one
price area between 11k - 14k.
Once the price action close below $24300, i expect anothe flash crash in the mentioned area.
I am speaking about flash crash because I am not expecting this to take long.
I will not surprise if we will see 11k-14k during 3-4 weeks from now.
As always, the decision is yours.
Your comments are appreciated.
Have a nice day and good luck with your choices.