Realamh

BTC: Where is the bottom?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
There is going to be some degree of recovery from our current levels, which would form the right shoulder. That also might be a good area to sell and trim your position before BTC falls on its next support level at around 17-20k. Based on this chart, that's where this bearish trend might bottom out, but only time can tell. Let's see!
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Regards,
Amir H.

Comments

Agreed bro!
+1 Reply
I concur. If you draw a channel from 2018 to Dec 2020, you will see that it also aligns with your $20k target level
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Interesting Macro View
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