TR7z

BTC fractal analysis! bigger correction is comming ?

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Hello friends!
Happy weekend!

Fractal anaysis


I can't say where this uptrend ends 60,63,66,70k?
But we can see in the daily chart higher highs, get smaler

corrections go deeper

Volume decreases, MACD draws the same picture

The last wave was borne by retail money

Smart money pulled out his money or is short


Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .

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Comment: education post
Comment: In my opinian, my idea is confirmed by a larger correction when btc starts to fall and Alts push. As was the case in Dec 2018 , BTC reached its top on 11 Dec, exactly one week later,Alts hollowed out for the final move and kicked 28days long

Comment: FUNDAMENTAL:

Mati Greenspan: "SEC lawsuit against LBRY threatens all cryptocurrencies"
The founder of Quantum Economics, Mati Greenspan, warns of the consequences of the SEC lawsuit against LBRY, a decentralized YouTube-like content platform, in a newsletter published today entitled "Don't let them kill crypto". Greenspan claims that if the SEC's lawsuit against LBRY is successful, it would have dramatic consequences for the future of all cryptocurrencies. "Should the court rule against LBRY, it would literally call into question the future of all cryptocurrencies, including Bitcoin and Ether." Greenspan also notes that the US has fallen far behind in regulating cryptocurrencies and warns that this case could set a precedent for classifying "multi-programmable money" as a security. "Judges tend to base their decisions on previous rulings on similar cases, so a negative ruling could make it easier for judges to end any project that uses crypto tokens: DeFi, NFTs, smart contracts, and pretty much anything except possibly stablecoins. " Like Ripple with XRP, LBRY is accused of having sold digital assets in the form of its "LBRY Credits" to numerous investors between July 2016 and February 2020, including investors based in the USA, without authorization.
Comment: NEW BTC post

Comment: just jocking

Comments

good chart man, looks clean
+1 Reply
TR7z Kinieter
@Kinieter, thanks
Reply
TR7z Beast1980
@Beast1980, thanks
Reply
Thanks for sharing your idea. I'm thinking 66k maybe 70k before the next correction back to 45k. Could be wrong. Keen to load up at the bottom and hold on for the ride up.
+1 Reply
TR7z funkyZebra
@funkyZebra, thx for your comment.i m absolutly agree
Reply
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