BTCUSDT As expected, the market hit a new high 126200 on the back of positive news, mainly to hunt stops and trigger massive short positions worth millions.
Here’s my warning ‼️ — (speaking from 8️⃣ years of experience) — the bullish phase is over💯. We should now expect strong corrective waves ahead.〽️🔤
The chart clearly shows a beautifully completed 5-wave uptrend✅, signaling that the market is entering a corrective or bearish 🐻 phase that could last around 2 years.
Prices could easily drop to around $36,000, and possibly even lower — down to $22,000 as a potential bull trap.
good luck guys.
Δ7
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Δ7
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.