BTC USDT Finished the target of 62K, expected to touch 65K but many have taken the profits off the table.
The negative divergences are very clear. The stiff area of supports have now turned into resistances.
1st Target is 47K-45K, If 45K is breached on a 1 hour TF. We can see 38K appearing.
Now compare this with my previous stats, 99% of my calls have turned...
This is a next post, after last update. BTC-USDT is having a local consolidation before breaking past $55K-58K-65K. This is expected to happen during this week itself due to a steep 30% correction and later FOMO feeling to lot of bears who sold heavily from 58K to 43K in the last fall.
Generally when ever back rally comes, it will have a much longer ATH...
Please note BTC has completed a Brutal Leg of correction from 58K to 43K, This is a bull market and it will make a new high of 60-65K very soon.
Lot of longs got liquidated in the last correction, this will entail a new wave of bull run. SL will be 43K the last low of the previous correction.
BTC Is sitting for a big big fall in the coming week, it weekly, 2 D, 3 D all with big negative outlook. While Institutions and millionaires holding BTC have held on nerves for the last week and as per human emotions profits on table are like sweets in front of you...each one will take it off.
Big fall will come when BTC stays below 44.8K level for more than 15...
BTC has consolidated a lot over the last 48 hours, since morning it has opened low and recovered into the green a very small push by the bulls will enable it go over 49.4K and that will eventually open doors to 61K and I will be v careful not to short something which is in massive momentum....Play the trend and do not swim against it.