Don’t panic sell or panic buy . We will see a100k btc but first there’s gonna be a correction to $30k-37k. Be smart. & buy once they brought price down and shook weak hands out . $30k-37k is that price range
1 more bag filling area left for me, I believe we might get there,
If i'm right and we bounce from that broken base,this is gonna be a long journey,
Risk management is the key as always
Stay safe & Yolo
4H CHART EXPLANATION:
As we can see, price is facing the bottom of the Descending Wedge. If it bounce here we expect a short term bullish movement towards the Resistance Zone, but keep in mind that the main trend still bearish as explained on the Daily Chart. It will be just a corrective movement to continue the Bearish trend.
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looking at the Day chart we see that we finally broke above the descending trendline on May 11th..
Short term outlook:
too stay bullish in the short term(days). we must stay moving upward inside the inner trendline within the forming Bullish Flag..
Long Term outlook:
as long as we stay inside of this forming Bullish Flag we are still bullish