MockingVortex

Scary BTC Scenario

BITFINEX:BTCUSD   Bitcoin
Hello everyone, the fractals and trends suggest that some institutions and states keep BTC sending down and limiting its space to kill its volatility and charm. Since December notice that the upper limit of any rally is going down. If the next rally could not pass 9K then this trend is confirmed. For now, I expect BTC to touch 7K as the bottom of this correction. I do not think it will go down any lower than 6800. BTC has been producing higher lows and lower highs since December. Either at the apex we will moon or we will be under sub 5k. So lets see, fingers crossed. The former seems more plausible, but the later is a probability that will be the gravestone of this market at least for couple of months.

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.