JoeCryptou

BIG BTC outlook for next months 29/5

Short
INDEX:BTCUSD   Bitcoin
Hi everyone,

didnt post any update for long time, since every warning attemp to tell people that we are potentionally close to local top for BTC was met with laughts and calling me names in privat messeges. ( Guess who laughting now. )

However, I decided to put that away and try provide another update for people who listen and see market outlook diferently from what herd want to hear and see.

So this one will be quick.

Looking on current 1M chart its already obvious for everyone that we are in downtrend and many people expect some sort of bounce, and this is idea I DONT share with them. On this chart is clearly see that next month/months will be BTC further bleeding until is met with new accumulation zone before we come back on track to reaching our ATH before full BEAR market kick in. With that said, from watchin on chart its obvious that our target (new re-accumulation) zone will be around 15-14k ( potentionally 12k-ish) before it race back up to new ATHs around 165k , depends when price will be delivered. ( plus/minus few thousands , but whats few thousands among friends ).

Thats it.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.