BTC could bleed more .and 17k might not be the bottom !
BTC possible bottoms
1-10000 ( ichimoku strong support) with high volume ( please see the vpvr )
2- 3874 ( coincides with 3 fib levels and high volume traded in this area which make it a very strong support )
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens or even BTC , for example 30% now and the rest when prices reached the areas mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH and more than 70% fot BTC . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
Of course this study , is valid only when we still do not have any good fundamental news for crypto , and by that i mean , eth pos , btc spot etf only .
macro economy factors such as inflation and recession would lead to move deeply from support zone to another .
Not a financial advice .
BTC possible bottoms
1-10000 ( ichimoku strong support) with high volume ( please see the vpvr )
2- 3874 ( coincides with 3 fib levels and high volume traded in this area which make it a very strong support )
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens or even BTC , for example 30% now and the rest when prices reached the areas mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH and more than 70% fot BTC . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
Of course this study , is valid only when we still do not have any good fundamental news for crypto , and by that i mean , eth pos , btc spot etf only .
macro economy factors such as inflation and recession would lead to move deeply from support zone to another .
Not a financial advice .
Note
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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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.