BITCOIN DECLINATION FROM MAIN RESISTANCE AND DROP/BTC USD PRICE
Updated
Bitcoin gained nearly 400% from the very bottom 3156 USDT on Binance.
Now, after several attempts to break levels and succeeding to do so,
we are approaching second time to the main resistance zone 11700$.
That is the point which can't be crossed in a single breathe.
As pushes towards 11700$, will experience huge pressure on that level, therefore, 11.700$ is mathematically justified peak.
Bitcoin will behave like " BTC attempts to make higher high and drop " then rebound from 9300$ range.
We've seen nice reaction of support levels, starting from 5200$ onwards time has come for bigger more significant correction in range 30%.
Walls aren't spoofed, price action went parabolic, but will experience declination.
However, now, we are in very specific and non optimistic Bitcoin scenario (temporary strong bearish), then further push which will trigger alts and allow them to grow.
________________________________________________________________________________________________________________________________________________
Technically everything described above is justified and not just wishful thinking.
We do need reaction of 8500-8800 support level in order for Bitcoin to " measure" the "channel".
Good luck and happy earnings.
Everyone fallowing my trade knows that i don't provide disclaimer since i'm not fake.
Things do delay, but they always manifest as forseen.
Happy trading and press follow/like if you agree with an idea.
Now, after several attempts to break levels and succeeding to do so,
we are approaching second time to the main resistance zone 11700$.
That is the point which can't be crossed in a single breathe.
As pushes towards 11700$, will experience huge pressure on that level, therefore, 11.700$ is mathematically justified peak.
Bitcoin will behave like " BTC attempts to make higher high and drop " then rebound from 9300$ range.
We've seen nice reaction of support levels, starting from 5200$ onwards time has come for bigger more significant correction in range 30%.
Walls aren't spoofed, price action went parabolic, but will experience declination.
However, now, we are in very specific and non optimistic Bitcoin scenario (temporary strong bearish), then further push which will trigger alts and allow them to grow.
________________________________________________________________________________________________________________________________________________
Technically everything described above is justified and not just wishful thinking.
We do need reaction of 8500-8800 support level in order for Bitcoin to " measure" the "channel".
Good luck and happy earnings.
Everyone fallowing my trade knows that i don't provide disclaimer since i'm not fake.
Things do delay, but they always manifest as forseen.
Happy trading and press follow/like if you agree with an idea.
Trade active
In this specific moment we are experiencing StochRSI H4 BEAR CROSS.Bear that on mind.
Preserve cash.
You ll need it for rebuy.
Good luck guys.
Trade closed: target reached
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