MacroWeav

#BTC $BTC Still Bullish? #UAD Upthrust After Distribution

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Dump it
7.1k most probable final target (probs just a quick wick and realistically 7.3-7.5 - depends on timeline and momentum)
6.3 Absolute last line of support on macro (any higher tf close below = ded)
ded = $500 - $2500 per BTC

Like I said, 7.1-7.5 is most probable from here if 10.5 was the MS top of the market

A higher TF close (a 12H+ at minimum, 1D+ for higher probability) close below 8.6 confirms a new MS downtrend and would absolutely rekt price from here

I think even a meso TF like a 4H close below 9.3 would initiate this sequence of events from here

Stay safe everyone!

t.me/twentytwentyvision

Host of 2020 Vision TA on YouTube

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.