Bitcoin to follow past trends/fractal moves?

By jazerbay
Updated
👋
🛤🏜🏝🏖🛣🏞🏕🛤⛰🏔

🌋🌅🌄🗻

Targets : ~ 44,200, 42,400


I am expecting another sudden drop soon, followed by consolidation /sideways movement. It would be best for BTC to move in a descending fashion to a final bottom of ~42k, completing the fractal and making way for upside. ⏬
snapshot


🐻For BTC to be considered in a bear market , we need to go below ~39,700 level.

Check linked idea for further information.

Thank you so much and always remember 😉👇

🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!

Always have a stop loss ✋🛑💲 set🆗



Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.


🐶
Comment
snapshot We are at a very important point in this structure. Watching closely on the daily.

Thank you so much 👋😁
Comment
snapshot
Comment
snapshot As you see we did get rejected from top of channel here.


Last plan did not go as expected, we bounce off 200 day MA and up to ~52k where we got rejected. Now today we see a death cross (9day MA going below 200 day MA)

I think it is very possible we come down a good amount now before more upside!
snapshot


Thank you so much!!!

Happy day all 🌝🌞🌗
Bitcoin (Cryptocurrency)bitcoinanalysisbitcoinforecastbitcoinusdBTCUSDChart PatternsCryptocurrencyTechnical IndicatorsshortsetupTrend Analysis
jazerbay

Related publications

Disclaimer