So at this moment BTC is right on a weekly support trendline together with the 200EMA. good for a nice bounce?
Also if you take the measurement of the Flag (from the bear flag ) and you put it right where it broke, that target is around 25382.
A lot of people have some buy orders around the 28000 (that's on the red line, where the bottom was last time), actually it would be perfect to liqidated them around 25000-26000, so call like this a trap.
And after it would be perfect again for creating a bull trap.
Be greedy when people are fearfull
So i wouldn't be surprised if btc is going up and going back in that red triangle. Going to 36000 (so a lot of people are bullish again, the moment for coming down more)
For me the bottom will be around 7000 dollar (but that will take time)
The target around 16500 is still from the head and shoulders (previous idea)
If you take a measurement from the flag pole (this you will not see on this chart, to much drawings on the chart, don't want to confuse the people) and put that under the flag where it broke, that target will be around 4000 dollar.
Just know everything is possible, look at luna (my god some people are f*cked)
I also DON'T BELIEVE the last ATH around 19000 is the bottom, this time it will be different, After a time it will break that target (IMO). Something to keep in mind
be carefull
Also if you take the measurement of the Flag (from the bear flag ) and you put it right where it broke, that target is around 25382.
A lot of people have some buy orders around the 28000 (that's on the red line, where the bottom was last time), actually it would be perfect to liqidated them around 25000-26000, so call like this a trap.
And after it would be perfect again for creating a bull trap.
Be greedy when people are fearfull
So i wouldn't be surprised if btc is going up and going back in that red triangle. Going to 36000 (so a lot of people are bullish again, the moment for coming down more)
For me the bottom will be around 7000 dollar (but that will take time)
The target around 16500 is still from the head and shoulders (previous idea)
If you take a measurement from the flag pole (this you will not see on this chart, to much drawings on the chart, don't want to confuse the people) and put that under the flag where it broke, that target will be around 4000 dollar.
Just know everything is possible, look at luna (my god some people are f*cked)
I also DON'T BELIEVE the last ATH around 19000 is the bottom, this time it will be different, After a time it will break that target (IMO). Something to keep in mind
be carefull
Note
Just an update from may,Like we could see, there was a good bounce around 26400, but it didn't reached the 36844 target
So now btc is 16450, i don't think this time we will have a good bounce from here.
14500 is more a good area for a good bounce (IMO)
Eventually i see BTC going to 7167.
BUT like i said in the text above IF we take the measurement of the flag pole, That target will be around 4000 dollar. Almost the coronalow, same target like i expect from the markets. you can see in my previous idea's about DJI and S&P500
Please don't think it isn't possible, don't underestimated the market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.