BitcoinShort
BTC - DEC 14TH BEARS ARE HALF-WAY!!!
I've been watching FA on YouTube pushing content out with absolute confidence BTC would reach 100K before Christmas, followed by accompanying their channel with TA pros in hopes that the hype was right. I watched Bitboy collab with 'The Moon - Carl Runefelt ' watching his excitement and eagerness in hope to be told 'BTC will turn and go up. I am so glad Carl told it how it was, the charts do not lie and emotions are cut completely with TA. People need to understand 'we can't make the chart move in the direction we want it to go' - it's the other way around.
On the 10th Nov '21 I charted differently to most out there and I love looking through the eyes other TA. I thought my chart was extreme, as other TA were covering more bullish breaks. Again, charts don't lie and I must remind myself to cut off from MOONERS on the downtrend and their emotions.
10/11/21 - 18/01/2022 (67 days)
14/12/21 - 18/01/2022 (32 days) <--- We are half-way to bottom 33K.
44K - Key level watch
37K - Next key level watch
33K - Buy
**
Trend-based Fib extension A (Higher High) 14th April, B (Lower Low) 22nd June, C (Higher High) Charted bear market on the 10th Nov '21.
*A -55.12% retrace clone from A to B downtrend arrow line (red) possible retrace from ATH to 18th Jan '22 arrow line (red) - sits perfectly on the 78.6 Fib and Lowest Low on the 100% level.
*Obv bears broke uptrend support and could take reign until the 18th Jan '22.
*Update 14th Dec '21: We are half-way continuing descent hitting 46K today. Although RSI on 40 MacD still showing bear pressure volume ranging around the 50 Fib it then dropped 11% closing in on the 61.8 Fib.
It's clear to say the Bears are preparing for Christmas and the Bulls will have to wait to open their presents. All other probabilities you will see on other TA. I wanted to share probably worst case scenario.
Feedback welcome! Be kind it's my first share to you all.
Merry Christmas and just like trading...be safe!
- NatmoCrypto
On the 10th Nov '21 I charted differently to most out there and I love looking through the eyes other TA. I thought my chart was extreme, as other TA were covering more bullish breaks. Again, charts don't lie and I must remind myself to cut off from MOONERS on the downtrend and their emotions.
10/11/21 - 18/01/2022 (67 days)
14/12/21 - 18/01/2022 (32 days) <--- We are half-way to bottom 33K.
44K - Key level watch
37K - Next key level watch
33K - Buy
**
Trend-based Fib extension A (Higher High) 14th April, B (Lower Low) 22nd June, C (Higher High) Charted bear market on the 10th Nov '21.
*A -55.12% retrace clone from A to B downtrend arrow line (red) possible retrace from ATH to 18th Jan '22 arrow line (red) - sits perfectly on the 78.6 Fib and Lowest Low on the 100% level.
*Obv bears broke uptrend support and could take reign until the 18th Jan '22.
*Update 14th Dec '21: We are half-way continuing descent hitting 46K today. Although RSI on 40 MacD still showing bear pressure volume ranging around the 50 Fib it then dropped 11% closing in on the 61.8 Fib.
It's clear to say the Bears are preparing for Christmas and the Bulls will have to wait to open their presents. All other probabilities you will see on other TA. I wanted to share probably worst case scenario.
Feedback welcome! Be kind it's my first share to you all.
Merry Christmas and just like trading...be safe!
- NatmoCrypto
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