Possible scenario. Look how well the fib levels match if we assume the bottom will be around 1770 BTCEUR. Multiple support lines meet there, also it would make sense that we are forming a channel.
Everyone thinks we are going to the moon, so most likely we are going to the opposite direction.
Similar to March there will be a one week window to sell before the parabolic crush will start, that will be worse than in March.
In March it was just a psychological crush - fear from uncertainties...
Now there the real effects of lockdowns with millions of bankruptcies worlfwde will be visible.
-no vacin till end of the year
-new lock downs
Hello there wonderful person!
Just logged in to see how BTC fared in these treacherous water we sail in today, along with the rest of ALT coins and DEFI.
If you have read my articles from the beginning, you probably noticed that this correction in September was expected, and one of the reasons behind were due to movement in the stock market and macro market....
There are only 49 Days every year when one can sell bitcoin above 10 000.
If this time it will hold longer than 49 Days, then this would be a new rally to new ATH highs.
Otherwise there will be a crush till 4000
Just wanted to share some observations. I noticed the last two big corrections trended in the same angle.
If we trend in te same angle up as the previous impulse we could see BTC hit 32K levels early next year.
Have a nice day
Time for parabolic fall.
-Buncrupcy waves worldwide due to lockdowns
-new grow of covid infections
-elections in USA
-new wars in middle east
-sanctions agains russia
There are more and more black swans landing till end of the year.
We will see parabolic crush even bigger than in March.
Was checking BTC yesterday, and I noticed that there could be a rise once we pass the old line of resistance from 7 till 10 september.
We're going sideways but still in the good direction.
My 4ema indicator still tells me a different story, but sometimes you just can't trust on indicators imo.
Are you thinking the same? Let's discus! :-) I'm here to learn more!
According to the daily chart, the pair is struggling to hold above the previously broken trend line. In such cases, there would be small chance for a bounce. If our analysis was interesting for you, please support us with your kind likes.
Till end of the September the window when miners dump their bitcoin for price above 10 000 is 50 days.
This one is closing in 2 weeks.
Taking into account that in New York luxus properties already crushed more than 60% in price I expect similar crush in bitcoin till end of this year.
6000 is the dip to buy some.
the daily chart of this market shows that it will experience an uptrend in the next few days but it is better to remain vigilant of the change in the direction of this market towards the opposite
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