BTC Bearish Forecast next few days/weeks + Buy zones
This is all on the chart, welcoming feedback (especially from Bulls, lets go)
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Hello all, it's been awhile. Wanted to short 19k but procrastinated. Short from 17k
Facts:
1) We went from 11k btc short finex to 5k btc (datamish). There are now less shorts closing to use a fuel.
2) We rejected from ATH, pretty hard as expected.
Scenarios in order of likely hood:
1. Shortterm Bearish: 15.9k before 18k. Then 14k
2. Totally wrecked: Down to ~14.5k (50ma daily) from here, bounce $2-3k. Next good support will be ~112K (200ma daily).
3. Just bullish enough to wreck shorts: back to 19k, reject, double top confirmed. Fall to
14K extremely quickly.
4. Dumb Bullish: I'm 100F% wrong. Blast past 20k from here with no shorts as fuel. BTC to 50k.
This is comically ahead of time, but 10k and 7k are massive buy zones (Weekly MA's and Volume profile and this is the chart I'll be using the upcoming months.
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Hello all, it's been awhile. Wanted to short 19k but procrastinated. Short from 17k
Facts:
1) We went from 11k btc short finex to 5k btc (datamish). There are now less shorts closing to use a fuel.
2) We rejected from ATH, pretty hard as expected.
Scenarios in order of likely hood:
1. Shortterm Bearish: 15.9k before 18k. Then 14k
2. Totally wrecked: Down to ~14.5k (50ma daily) from here, bounce $2-3k. Next good support will be ~112K (200ma daily).
3. Just bullish enough to wreck shorts: back to 19k, reject, double top confirmed. Fall to
14K extremely quickly.4. Dumb Bullish: I'm 100F% wrong. Blast past 20k from here with no shorts as fuel. BTC to 50k.
This is comically ahead of time, but 10k and 7k are massive buy zones (Weekly MA's and Volume profile and this is the chart I'll be using the upcoming months.
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