Ichigoo_Kurosaki

The expected fall has begun. What's next?

Short
Ichigoo_Kurosaki Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
As I wrote earlier, $31,800 is a sufficient value for a BTC peak.

At the moment, the peak of the trend, which lasted more than 7 months, has been set. I am waiting for a correction to this whole trend, no less than 3-4 months.

The scenario that I assume is in front of you. All other studies are in a different analysis, the arguments for and against. You can read everything carefully.

I do not exclude that BTC goes higher, but for this we must not fall, but for a long time to decline to the values of $ 28,000, if BTC holds this value and does not fall below until the end of next month, then the scenario is canceled, only in this case.
Comment:
WEEKLY BTC MACD:


WEEKLY BTC RSI:


TOTAL MARKET CAP:


BITCOIN PURE CAP:


STABLECOINS PURE CAP:

Comment:
LOCAL/GLOBAL BTC:

Trade active
Comment:
Comment:
I recognize the possibility of another impulse growth. Simply because the price has been in the same range for a long time and people do not have a FOMO. However, I have been in a big short position for a long time and my stop is around 36,000. A lot of factors speak about the implementation of my analysis. I don't see any arguments for growth right now, there simply aren't any, except for comments from strange people, which usually means the end of growth.

1 - main scenario
2 - second scenario

Trade active
Comment:
Comment:
We have been testing the trend line for a long time, there are fewer chances to bounce back and go long (black vector). Everything is going according to plan, no changes.

Trade active
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.