We have a clear recognizable pattern of bearish flags, if BTC shoots up higher I will have stop loss @$39,500 using reverse grid bot with leverage.
Overall if we see the continuation of bear market below EMAs and RSI divergences, I foresee this playing out as bull trap after bull trap. Ultimate target for take profit is $28.5K while catching the Fibonacci swings along the way up and down. We shouldn’t see too much push for above $45 K unless the MACD and volume increases massively tomorrow. Otherwise we fall short of our target to close the weekly and the daily FORSURE.
Safe Trading, feel free to comment below your next 3 price predictions!
*I am long term bullish but seeing BTC from a monthly and weekly perspective makes things way clearer. Understanding the 4 year market cycle is HUGE as we are in distribution/accumulation phase 1 after the huge bull run.
Overall if we see the continuation of bear market below EMAs and RSI divergences, I foresee this playing out as bull trap after bull trap. Ultimate target for take profit is $28.5K while catching the Fibonacci swings along the way up and down. We shouldn’t see too much push for above $45 K unless the MACD and volume increases massively tomorrow. Otherwise we fall short of our target to close the weekly and the daily FORSURE.
Safe Trading, feel free to comment below your next 3 price predictions!
*I am long term bullish but seeing BTC from a monthly and weekly perspective makes things way clearer. Understanding the 4 year market cycle is HUGE as we are in distribution/accumulation phase 1 after the huge bull run.