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Never risk more than you can afford to lose.
Always DYOR.
BTC is falling to the trendline of its raising wedge, if it BTC can break dowward then it may drop to $20k or even below, which be very good NEWS to one who need to aacumulate more and cheap.
BTC may drop as low as $14k, which need to be coincident with crash of Corporation Bond of US.
The quasimodo pattern has already been formed and aftermath crash has already been token place.
But in wide view, BTC has broken down its long term uptrend, and still struggling in midterm down trend.
If BTC close the weekly candlestick below the its raising wedge, then there will be a chance to welcome bears to the market again. and crash will start toward $20k.
BTC may even crash to $14k zone or even below to cover up its remained gap in $11k zone.
So the candlestick of next week will be a confirmation one, if BTC manage to cloae current one below $23k.
otherwise, it will try to reach the top line of the wedge once more, and I thin if this senario happens, it will rally to $28k and $33k respectively
Thanks.
Never risk more than you can afford to lose.
Always DYOR.
BTC is falling to the trendline of its raising wedge, if it BTC can break dowward then it may drop to $20k or even below, which be very good NEWS to one who need to aacumulate more and cheap.
BTC may drop as low as $14k, which need to be coincident with crash of Corporation Bond of US.
The quasimodo pattern has already been formed and aftermath crash has already been token place.
But in wide view, BTC has broken down its long term uptrend, and still struggling in midterm down trend.
If BTC close the weekly candlestick below the its raising wedge, then there will be a chance to welcome bears to the market again. and crash will start toward $20k.
BTC may even crash to $14k zone or even below to cover up its remained gap in $11k zone.
So the candlestick of next week will be a confirmation one, if BTC manage to cloae current one below $23k.
otherwise, it will try to reach the top line of the wedge once more, and I thin if this senario happens, it will rally to $28k and $33k respectively
