BTC / USDT
Bitcoin is still following my first plan , posted here:
Since last November BTC price is trading inside giant falling wedge which mentioned before
In small time frames we can see potential bearish pennant under formation which mean we have high chance for another drop
WHAT NEXT ?
I expect the market to move sideway up and down in next days (between 28k to 33k) before another breakdown and this time my target will be 24k-21k (potential bottom)
After that …we will watching the major trend line resistance for any breakouts for the start of new bullish rally , based on my view i think bullish market will start in August
NOTE : if major trendline got a breakout first then the lower targets will be invalidated
FINALLY :
this is my own long term view based on signs/ chart and my thoughts/ experience…
could be true or wrong so always DYOR
Don’t forget to like and share for more analysis
Bitcoin is still following my first plan , posted here:
Since last November BTC price is trading inside giant falling wedge which mentioned before
In small time frames we can see potential bearish pennant under formation which mean we have high chance for another drop
WHAT NEXT ?
I expect the market to move sideway up and down in next days (between 28k to 33k) before another breakdown and this time my target will be 24k-21k (potential bottom)
After that …we will watching the major trend line resistance for any breakouts for the start of new bullish rally , based on my view i think bullish market will start in August
NOTE : if major trendline got a breakout first then the lower targets will be invalidated
FINALLY :
this is my own long term view based on signs/ chart and my thoughts/ experience…
could be true or wrong so always DYOR
Don’t forget to like and share for more analysis
Comment:
UPDATE :
