Moneer618, warns of an imminent Bitcoin collapse after surpassing the previous peak of 31,800
The recent rise from the bottom of 24,500 to exceeding the previous peak, which was at 31,800... without any momentum. This is clear evidence that the wave is a correction wave for the downward path from 69,000, and it will be followed by a sharp decline that may take us to 10,600 = approximately 11,600 for Bitcoin.
The recent rise from the bottom of 24,500 to exceeding the previous peak, which was at 31,800... without any momentum. This is clear evidence that the wave is a correction wave for the downward path from 69,000, and it will be followed by a sharp decline that may take us to 10,600 = approximately 11,600 for Bitcoin.
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This is almost the goal of BitcoinNote
Confirm landingFalling below the level of 34975, closing the four-hour candle and definitely the daily candle
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Was the price of Bitcoin expected to fall?Yes, we expected that. Thank God
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The target area that we talked about on October 23 and 24 is still the target for Bitcoin. 37761 is still a very strong wall that Bitcoin must overcome.
Signs are negative for Bitcoin, even if Bitcoin is at a peak. This means that any rise in Bitcoin will be an opportunity to sell it.
The bearish trend signal is confirmed by a drop below 34,800 and the closing of the weekly candle.
Good luck, guys
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I still expect the peak for Bitcoin to be in the areas I talked about previously, which is approximately between 37785 = 38378.However, if these numbers are exceeded, the goals will be as in the picture.
Next time interval date 01 DEC
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This is the area we talked about between 41256 == 42242Important and powerful, it is the second goal of Bitcoin. Please be careful of it.
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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.