Its been a while since my last BTC thread as nothing much has been happening so I've been in crypto hibernation.
But after a couple of month there's been some movement with this weekly candle about to print.
BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement.
Now since C the dominant trend is returning to the downside and this will probably be a large wave down to match Nov - Jan W wave.
And this should take BTC down into the lower 20s with a 1:1 @23K - with a little overshoot it will hit my long term target of 20K where there is 2017 top support and that should attract price if it gets close.
I first said BTC would hit 20K in March 2021 which didnt go down very well with some hodlers. I wonder how many will turn up when BTC finally gets there.
And when it does I will become interested in crpto again. It could go down further of course, but that is the time I'll be having a sip of coffee.
See you @ 20K! 😄
Not advice.
But after a couple of month there's been some movement with this weekly candle about to print.
BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement.
Now since C the dominant trend is returning to the downside and this will probably be a large wave down to match Nov - Jan W wave.
And this should take BTC down into the lower 20s with a 1:1 @23K - with a little overshoot it will hit my long term target of 20K where there is 2017 top support and that should attract price if it gets close.
I first said BTC would hit 20K in March 2021 which didnt go down very well with some hodlers. I wonder how many will turn up when BTC finally gets there.
And when it does I will become interested in crpto again. It could go down further of course, but that is the time I'll be having a sip of coffee.
See you @ 20K! 😄
Not advice.
Comment:
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Comment:
I prefer bearish phases like this I get a load of charts on my page rather than chest thumping hodler troll comments. 😄
Comment:
BTC goes under 30K for first time since 2020! More to come.
Comment:
Oops not quite but when it goes below the lows there will probably be panic.
Comment:
Nearly there.
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