I've been bearish for a while... I figured I'd publish this and see if first support holds. Ultimately, I do see 55-53 coming, and sub 5k... I believe the next few months will be within the 4-7k range. I'll adjust with more details as I go. We couldn't break that support. Double tops upon double tops- wicks and closed candles stuck from 65-6550. I'm not convinced the 5770-6k support will hold.
The break was a matter of time and here we are. You can scalp a bounce once settled. But, I'd keep a short open for now.
Not a detailed analysis, as I'm tired. I'll update when necessary. Previous BTC posts can further explain my overall sentiment.
I don't believe this wave is over.
The break was a matter of time and here we are. You can scalp a bounce once settled. But, I'd keep a short open for now.
Not a detailed analysis, as I'm tired. I'll update when necessary. Previous BTC posts can further explain my overall sentiment.
I don't believe this wave is over.
Note
The range for a few "months" time frame is far premature, I'd edit that out. Too long for this particular market.Note
A bad analysis driven by the price movements of previous months and not a strategic approach to future price action. Live and learn.
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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.