BTCPERP 1D is a 10% drop coming?
Updated
Hello my beloved wolves of wall street,
Today I found a flip zone base that dropped btc's price a lot (the first arrow on the left) , of course the reasons for bearish trend of btc was wyckoff,Interest rate, ect.. BUT that base also did a lot, anyway,I see a channel cycle that price is going to make it. Those 3 pink rectangles are our 3pushes for our channel cycle, I think when we return to that flip zone base price will drop a lot.
So two things are giving us signals for drop: 1- 3 pushes pattern in channel cycle 2-returning to a flip zone base
Today I found a flip zone base that dropped btc's price a lot (the first arrow on the left) , of course the reasons for bearish trend of btc was wyckoff,Interest rate, ect.. BUT that base also did a lot, anyway,I see a channel cycle that price is going to make it. Those 3 pink rectangles are our 3pushes for our channel cycle, I think when we return to that flip zone base price will drop a lot.
So two things are giving us signals for drop: 1- 3 pushes pattern in channel cycle 2-returning to a flip zone base
Note
well it did drop by 10% but there is still a big chance to go above 31k and then drop by 10 to 15 % as i mentioned earlier that flip zone base is an important base when the price breaks it and pullbacks to it, the price will probably comes back to a TR which was from jan 22 to may 22 , 33k to 47 kNote
well,it did touch 31k and it will drop to 26k and after that the next bullish trend will start and if we break into 34k zone we may reach 68k highs in about a year or two
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