Hello traders! Welcome back to another episode of BTC with analyst Aadil1000x.
The patterns that BTC is forming are scary as Hell. Well, it's not the pattern that shows hell but it's a mirror of the world situation.
The world is facing a challenging situation, the Hunger level is increasing, Many countries are facing harsh situations after climate change, the Ukraine-Russia war, US-China tension increasing, Religious hate increasing and we want BTC to go to the moon. LOL
That's not going to happen.
If we count from the top to the current figure then BTC is down -57% and if we count from the current value to the 12535 true support then it's also the -57% move.
If we count the first bearish cycle it lasted for 11 and half months and the second bearish cycle lasted for 7 months if we look at the sequence then this cycle will last for 5 months or the same 11 and half months. It has already crossed 5 months and it's in the 6th month so this bearish cycle will last at least 11 months.
I was sure about the drop below 20K but i was not expecting that it will happen now. Because if we look at the chart I can see one more move up towards 60K is missing but looks like the market will not show any mercy and is ready to take everyone down with Whales, billionaire investors, and so-called market makers.
This is an overview of the market and we will move stepwise with the market not against it.
So click the follow button to stay connected and click the click button for support.
The patterns that BTC is forming are scary as Hell. Well, it's not the pattern that shows hell but it's a mirror of the world situation.
The world is facing a challenging situation, the Hunger level is increasing, Many countries are facing harsh situations after climate change, the Ukraine-Russia war, US-China tension increasing, Religious hate increasing and we want BTC to go to the moon. LOL
That's not going to happen.
If we count from the top to the current figure then BTC is down -57% and if we count from the current value to the 12535 true support then it's also the -57% move.
If we count the first bearish cycle it lasted for 11 and half months and the second bearish cycle lasted for 7 months if we look at the sequence then this cycle will last for 5 months or the same 11 and half months. It has already crossed 5 months and it's in the 6th month so this bearish cycle will last at least 11 months.
I was sure about the drop below 20K but i was not expecting that it will happen now. Because if we look at the chart I can see one more move up towards 60K is missing but looks like the market will not show any mercy and is ready to take everyone down with Whales, billionaire investors, and so-called market makers.
This is an overview of the market and we will move stepwise with the market not against it.
So click the follow button to stay connected and click the click button for support.