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Realamh
Sep 7, 2021 5:47 PM

BTC: End cycle signal. Bears to be in charge! 

KUCOIN:BTCUSDT240
Bitcoin / TetherKuCoin

Description

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We have seen these massive sell offs before. These are signs of cycle reversal. BTC peaked at 51k and should start heading back down from here. There should be another bounce up to 50k before the big dip starts. Are we going see low 30's again?

Comment

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There is another scenario, which is also bearish. BTC could go down to 42k from here and rebound to 46 before going further down. One of these two scenarios will play out.

Trade closed: target reached

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Is it going lower?

Comment

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Finally broke out of its bearish trend.
Trend AnalysisChart Patterns
Comments
pingygoogs
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not a very convincing argument.
Realamh
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@pingygoogs, I didn't try to make an argument. This chart is pretty clear.
AIcapitalist
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Spot on! This is going to take a much deeper dip. Might not even rebound to 50k
Realamh
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@AIcapitalist, that's possible too. We shall see!
moeinpd
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congrats. you have just discovered a new pattern in TA called half-merry-go-round. you should name it after yourself.
Realamh
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@moeinpd, yeah, it's been named after me.
AIcapitalist
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@moeinpd, are you getting paid to say dumb stuff? This is probably the most well known pattern in all TA. Jesus!
Realamh
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@moeinpd, "half-merry-go-round" checked out!
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