$BTC has been breaking through every support in this bear market, now we have FTX contagion and the question is where will we bottom?
Going back in time to previous bear markets ive noticed the "final trend". Drawn in black, this is where bitcoin has consistently found its bottom at 1,8k in 2017, 3,1k in 2018 and 3,8k in 2020.
At time of writing that final stand...
As stated on a previous Idea, BTC/ USDT is trading on a Modified Schiff Pitchfork since 2020.
BTC/ USDT is currently trading inside an ascending channel (White). The Upper Channel Line is the multi month trendline (Bold Yellow) that we broke in January.
If we reclaim the 0.236 Fibo and the level 1.5 (Purple Trend) of the Modified Schiff Pitchfork as support,...
Here is my basic levels of value that I look for to place my trades, daily , weekly levels , pocs , and some SR .
Vwap and volume .
Now all its left is ... Place you trades .
