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BTCUSD D1:DUMP FRACTAL TP 12 000 USD a/b/c/d/e (NEW/SWING)

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BITFINEX:BTCUSD   Bitcoin
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BTCUSD D1:DUMP FRACTAL TP 12 000 USD a/b/c/d/e (NEW/SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: speculative setup. FYI ONLY.
Always do your own due dill. not financial advice.


🔸 Summary and potential trade setup
::: BTCUSD 1day/candle chart review/outlook
::: BOTTOM IS NOT IN - FAKE GURUS
::: been calling the bottom since we
::: topped out near 65 000 USD
::: DON"T get tricked by the FAKE LUNATICS
::: a/b/c/d/e dump fractal in progress
::: 18 500 USD key S/R broke down
::: expect more losses in this market
::: point e / potential bounce 12 000 / 13 000 USD
::: previously we had 80%/85% corrections
::: in 2018/2019 and 2014/2015
::: based on past corrections
::: potential cycle low near 12 000 USD
::: two past fractals in 2018/2019
::: similar compression / then 35-50% correction
::: so we may bounce near 12 000 / 13 000 USD
::: BTC USD intermittent low is not SET YET
::: an 85% correction OFF the cycle HIGHS
::: OVERVIEW OF recent correction for reference:
::: (however we are >50% correction already now)
::: January 2021 - 30% correction
::: Aug/Sept 2020 - 20% correction
::: summer 2020 - 20% correction
::: March 2020 - 60% correction
::: September 2017 - 40% correction
::: September 2017 - 40% correction
🔸 Supply/Demand Zones
::: Demand Zone 12 000 / 13 000 USD
::: heavy overhead S/R at 18 500 USD
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment long-term: CRYPTO WINTER
::: Sentiment mid-term: 12 000 / 13 000 USD
::: Sentiment outlook short-term: DUMP RESUMES

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comment:
my previous fractal overview posted in January 2022
BTCUSD D4: WORST CASE: 80% CORRECTION OFF HIGHS
Comment:
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy. Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been replaced by John J. Ray III, though the outgoing chief will stay on to assist with the transition.

Approximately 130 additional affiliated companies are part of the proceedings, including Alameda Research, Bankman-Fried’s crypto trading firm, FTX.us, the company’s U.S. subsidiary.

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