Get ready for extreme fear: Q1 2021 (bearish reversal) BTC
After topping out around $42,000 we've been breaking multiple ltf support levels and have started entering htf support breaks.
Today we officially broke the bullish uptrend which has been intact for almost a month now (bearish reversal)
What does this mean? Top traders have started selling bitcoin as we're now in Q1 2021 and this would be a perfect time to set the yearly low (probably within the next 2 months) I'd be looking for something similar to March 2020 for crypto and the stock market.
Q4 2021 will be about the results, just like 2020. Plan your trade and trade your plan. Key support levels on the way down: 1: $27,333 (0.618 fibonacci level) 2: $22,888 (0.5 fibonacci level) 3: $18,444 (0.382 fibonacci level) If we close a daily, weekly, or monthly under $20,000 we'll likely head to $13,800-$14,800 from which fear will be HIGH and i'd be buying EVERYONE bags $7850 - $9650 (CME GAP) this is the absolute max pain scenario for bitcoin.
Previous ATH, macro htf support: $19,6000-$22,400
Please get this technical analysis to 50+ likes to unlock the next daily post for the community! 👍
Today we officially broke the bullish uptrend which has been intact for almost a month now (bearish reversal)
What does this mean? Top traders have started selling bitcoin as we're now in Q1 2021 and this would be a perfect time to set the yearly low (probably within the next 2 months) I'd be looking for something similar to March 2020 for crypto and the stock market.
Q4 2021 will be about the results, just like 2020. Plan your trade and trade your plan. Key support levels on the way down: 1: $27,333 (0.618 fibonacci level) 2: $22,888 (0.5 fibonacci level) 3: $18,444 (0.382 fibonacci level) If we close a daily, weekly, or monthly under $20,000 we'll likely head to $13,800-$14,800 from which fear will be HIGH and i'd be buying EVERYONE bags $7850 - $9650 (CME GAP) this is the absolute max pain scenario for bitcoin.
Previous ATH, macro htf support: $19,6000-$22,400
Please get this technical analysis to 50+ likes to unlock the next daily post for the community! 👍
Trade active:
Trade active:
Trade active:
well well well
well well well