every time that EMA 50 goes below the MA 50 on weekly chart , a massive correction ( 60% _ 70%) starts from the next candle . as you can see this time with a 60% correction btc can reach 20k which is a nice pullback to 2018 and the bottom of its ascending channel . watch the related idea below for more information
btc stuck bellow the middle line of its old bullish channel . btc needs very huge amount of market cap in case to reach the top line of this channel wich means 500K . in other hand it doesn't need anything but PANIC and GOVERNMENTS to reach the bottom line of this channel which means 20K . fighting with fiat-governments-bank systems and etc. only leads to two...
24k is still possible . trade with caution
reaching an old trend line. will it crush it orrespond to it with correction?
technical : with reaching an old trend line on weekly chart a 18% correction happened ( i,m tired of keep telling you guys that I TOLD YAAAAA :)) ) . static support line at 3570 did a great job but unfortunately i think this support line (3570) gonna break too . we might see each other down there . somewhere around 30k-31k ETH won,t survive if doesn,t fix gas...
that a nice bull flag pattern . let,s hope this will happen
am i paranoid or....? all i see in this market is correction for a while
guys...please...atleast just don,t buy it now if you are not selling it . this one gonna hurt really bad .
rough and slow route for filusdt .hope this happens in a few weeks
broken up trends started appearing on altcoins chart too
everybody is talking about 5X 6X ! on sxp but i think it will go down like a kid on a slide
tip of the iceberg or end of correction ? everyone was saying 72k and it went 52k now everyone is saying 48K and it will be ... ? btc will surpirise you every second you are dealing with it . 48-49k is a very important area for btc . most companies and etf,s(tesla - musk - grayscale - jpmorgn) bought huge amount of btc near that area but pleeeeaaaase be aware...
buckle up it is either 72k or 52k . ride or die
last divergence caused a 25% retracement