Hello Traders,
Sometimes it nice to look into the past for future guidance. I would say the market and BTC have never provided such a great match of a time in the past. I'm talking about the 2022 top. So far up to this point they are following 100%. If it is to continue to follow then another big drop is about to happen in markets and BTC. I expect it to really start on "Liberation Day" as trump calls it. April 2 is when Trump is expected to announce what Tariffs are going into effect. I think the Market and crypto are holding onto the belief that his will pause or go easy as he has been doing. Except this time I think he sticks to his guns on that day and goes hard... just like retail has been buying this stock market dip because for the longest time you just always "bought the dip" because it would go back afterword's so people got trained... Which is ok normally except when something changes like has happened in the market and crypto. The structures have broken bullish trend support and using MA's you can clearly see its following 2022 to a T and what happens next. Using the idea we continue following 2022 I show the fib levels from then and same fib levels now. I put different colored arrows on 2022 on important price points and put them on the same fib levels now so you can get a basic idea of what prices we are headed to next. Lets see how long it follows 2022.. and if Trump goes hard on Wednesday I expect the next drop to 73K to happen soon.. Then after a short small rebound price then drops to 64K. then a big relief rally.. You can consult the chart for the next possible prices if it continues to follow 2022. Good luck!
Sometimes it nice to look into the past for future guidance. I would say the market and BTC have never provided such a great match of a time in the past. I'm talking about the 2022 top. So far up to this point they are following 100%. If it is to continue to follow then another big drop is about to happen in markets and BTC. I expect it to really start on "Liberation Day" as trump calls it. April 2 is when Trump is expected to announce what Tariffs are going into effect. I think the Market and crypto are holding onto the belief that his will pause or go easy as he has been doing. Except this time I think he sticks to his guns on that day and goes hard... just like retail has been buying this stock market dip because for the longest time you just always "bought the dip" because it would go back afterword's so people got trained... Which is ok normally except when something changes like has happened in the market and crypto. The structures have broken bullish trend support and using MA's you can clearly see its following 2022 to a T and what happens next. Using the idea we continue following 2022 I show the fib levels from then and same fib levels now. I put different colored arrows on 2022 on important price points and put them on the same fib levels now so you can get a basic idea of what prices we are headed to next. Lets see how long it follows 2022.. and if Trump goes hard on Wednesday I expect the next drop to 73K to happen soon.. Then after a short small rebound price then drops to 64K. then a big relief rally.. You can consult the chart for the next possible prices if it continues to follow 2022. Good luck!
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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.