Hello Fellow Traders, I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For BTCUSD.
The Best way to follow my Analysis is if the following conditions apply.
Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk.
Let Me know if you have any Questions or Comments Below!
Please Support My ideas & Educational Posts with a Like and Comment ❤️
your analysis is correct but we need to go above 52k levels first then the dump will happen
Global_Fx
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@Mihan_Crypto, thanks for your comment! I hope it all plays out for you ✌️
CryptoidiotQ
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21k is the lowest that I expect to see before the next halving event. I don't think we get there any time that soon but it's in the cards as a possibility.
more likely is back to 35k-38k, with stagnant price action for a minute. when summer officially hits, that's when I'd be looking for things to go lower.
Yes i Have My first Target at the Bottom the channel which is around 39k... its definitely possible.. Goodluck mate!
WP_traders
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@CryptoidiotQ, I agree that 21k is the ultimate bottom but I feel it will take a lot more to drive the price down through 38k as this is BTC daily support. A fall through here will bring sub 35k levels into play, I will await until BTC falls through 38k before having any confidence that a short here will be worthwhile. Thanks for sharing your analysis!
Global_Fx
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@WPTraders, thanks for your positive comment & imput mate! Goodluck!
Global_Fx
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WP_traders
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@Global_Fx, Really good spot, well done. Reading through majority of these comments calling you insane or on drugs has actually made me laugh so much this evening. I was always in agreement that we would reach ~21K, a lot are still speculating that $8-12k could be our bottom.
then the dump will happen