- The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now!
- On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point.
- Do you think this Bitcoin crash was natural or was it caused by some strong entity? Let me know what you think in the comment section. I am happy to read your comments!
- I think the most probable scenario for Bitcoin is to reach the blue trendline, or 0.618 FIB, at this moment.
- The crypto market is a joke, and all investors are getting rekt pretty much all the time, and it's going to be even worse. It's not easy to choose the right coins; only about 5% of them are powerful.
- The only reliable investment is BNB, let's be honest! At least it's holding its value and going up a little bit.
- This week was extreme for Crypto, pretty much very sad, but it is how it is, and we need to adapt!
- The upcoming uptrend will be a countertrend. That means it should be very fast, and we can finally experience a massive green dildo.
- DXY is crashing and EURUSD/GOLD is pumping, which is also a good sign for this weak crypto market. In my opinion, a relief rally is very likely right now!
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On the 1h chart, we can spot a strong impulse wave, which is a sign of strength!
Comment:
Watch this trendline! If we break it, the doors to 25K are wide open!
