This is not an alert to change your order or to do anything. it's just a view from watch trend. follow your plan, this can be long or short, or any trend you follow.
This expecting chart adds about where are now, as the most forgot that we are at the TOP, and we have seen just some weeks ago the ATH.
What means this, and are we into A FOMO trend. Most say we are not into the FOMO trend, yes it's not like 2017, the most known now more about the hype trends, but if we check the trend realistic we are into a FOMO trend.
We have uploaded before more ETN charts, in the time of FOMO, and we have seen at last the effect of it. As now the markets are green, and FOMO effect, this chart would be for the most not interesting, but one time it can have a huge effect.
Expecting depending on the last data, that BTC could get a free fall, most time free falls trends are unexpected and made most at day Asia markets.
Depending on the chart flow at this moment, there is a high chance we could see soon a new free-fall after the trend did hit the 66k +
Have a great day, know that the chart can go all sides, the above trend is personally expected depending on data. Do always your study and follow what is best for you.
ETN expecting target 57K The high crash trend that could be possible is between 37K and 43k +
Yes bearish divergence is clear & all are in FOMO trend . We expect to fall to about 54
watchtrend
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@SHAlavi, Yes most time we have ETN updates at FOMO trend, as now.
Crypto-Fury
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@watchtrend, appreciate the posts. Out of curiosity, what does ETN mean? The only ETN i'm familiar with is Electroneum haha. Appreciate it
bL1TZZ
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Its also as likely to shoot to 70k, bears holding resistance weaken. Though I do expect a correction sooner then later and i am short, but i am very wary of a possible short squeeze. Bearish divs can print for months like they did back in February to March and price can continue to rise, before the massive correction played out. At the end of the day, we can speculate all we want, price will move according to what suits the ponzi market makers/ composite man/ whales etc... We just provide liquidity.
watchtrend
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@bL1TZZ, Yes also most of tradingview traders expect a 70K trend, and yes it's also possible, but in my option, I expect a recovery depending on more reasons, as the dollar stockmarkets trends, markets trend .
bL1TZZ
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@watchtrend, Hope you are right! And that's another reason why I'm bearish, too much bull fever going around with not much volume
watchtrend
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@bL1TZZ, we will see how the market will go coming time - depending on my side expecting the recovery, even if FOMO trend take some time more when FOMO trend end the real price action starts.
KouroshSarabadani
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Nice View I have been hodling for 2 years, the news seems like the last ath fall.
watchtrend
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@KouroshSarabadani, Yes On our private channels we did add this info also about the fall - you can find more info about it, check below
We expect to fall to about 54