BTCUSD
Hi everyone! I'm back.
Before the end of last year, I was bullish calling $52k, $58, $65k, and $85k since we reached $28k. My analysis was based on the reversal, oscillators, and understanding the FOMO behind it.
We reached a new ATH at $68k and $85k pure speculation never came, however, the trend analysis was correct and we made some money from around $30ish to double our monies.
Now, we are in front of a new situation, and just as I understood there was a reversal last year, same now there is a clear correction and this is coming from 2018.
BTC loves triangles, this chart is an inverted chart to show you fallen wedges and how they are playing beautifully.
I like to post my opinion based on my own analysis.
This is going to be a long trip to around $6k and is going to happen in the next months.
I understand everyone on Youtube is calling new ATH and you are free to believe them or trade based on their suggestions.
If you are a day trader this analysis is not for you because there are going to be a lot of up and downs in the process.
If you are a smart investor, connect the relationship between BTC and the rest of Cryptos, which means every time BTC goes down the other cryptos (99% of them) drop dramatically.
If you noticed your ALT coins investment is reducing in terms of dollars every week, this is not going to change and probably you might lose everything.
My suggestion is to sell all your ALTS now, stay in USDT and wait patiently until BTC goes down all the way below $10k, yes I said it right. Stay in cash and be patient, work, and save in USDT and when BTC reaches those ranges start buying slowly BTC bc can go as low as $3k (I don't know this but that's why you have to buy slowly on every dip from $10k down)
Most of the ALTS (80% +) will be wiped out while BTC goes to under $10k. Sad to say but it's true. Just as LIFE is good, DEATH is good as well.
This suggestion is for the one who is a long-term investor and not an addict in daily trading, or is a suggestion for someone who wants to invest and doesn't know how to trade.
This is a Bear Market VERY CLEAR don't wait until the Moontubers see BTC under $30k to start confessing is a bear market. So Act now, open your eyes they are playing with everyone for months.
TO BE CLEAR. DO NOT DO ANYTHING I SAID. IS MY OPINION. JUST READ THE CHART.
If you like my opinion please follow me and add your comments, I want to read your ideas too. If you don't like my opinion follow me too, bc is on the conflict of ideas where the best outcome comes.