Imagine if we just continued to stay in the range... and this happened. The dashed line is a presumptive continuation of the current trajectory of the market.
This is another scribble of mine I am not suggesting this with much certainty in comparison with my usual posts, In fact, I think it is much more likely we go straight down.
But seriously, it will either be going up or down here, definitely not sideways.
We are approaching another major milestone here, as we reach multiple resistance zones. ETH is strong but bitcoin is destroying us.
I will be bullish again over $2500 but right here is looking dicey.
We have a lot of bullish indicators from MACD to the Bollinger Bands looking like we are going to totally rubber band up. I really believe that ETH will bounce up from here especially with EIP 1559 looming.
It feels way too obvious and easy that ethereum falls to 1400. When it's too easy institutions reck you. Shorts will probably get liquidated.
Bear market is here for short term. Expect a possible worst case scenario of the range $1,400 - 1,600
After we bottom out we can re-test upper supports in the 2000's again and see if we can have a crypto fall.
I believe most of the crash is over but we have one more dip before we exit from this bear market into a capitulation phase (boring, low volatility, moving sideways until the next bull market)
Here is the chart for how to buy in at the bottom.
We will drop to about 28.6k (at the golden pocket fib.)
If we fall under there, worst case is $24k based on the...
We have seen breakdown from support, we can expect worst case scenario 24k. I believe we will trade sideways in a more boring less volatile market for the next few weeks.
Prepare to buy. As it crashes.
The black Lines were used to determine approximate angles and differences between the last movement and this current movement.
Should put us in the 2,160's
I would never short, but Good idea to sell soon and buy back a bit above 2,160 to catch the next jump, then repeat.
Almost everyone including the author of rich dad poor dad predict bitcoin falls to 28,000.
You can hold to it, or sell now and buy back in.
> Buying the bounce at $2,300
> Buying the bounce at $2,180
> Buying the bounce at $2,000
5000 IQ Entry Points:
If it falls under here just delete the app and check back in a year.
Take a look and decide for yourself
A. B. C. D.
Please comment what you think will happen. This isn't YouTube, Im not asking for you to comment so that I get more money for trending, I just want the community to try to come to a consensus so we can get a better feel for what other traders are thinking.