Beware, there is a high risk of Bitcoin dump in the next few days. Of course, I could be wrong, as I'm no soothsayer and I've made mistakes in the past, but I'm relying on a predictive model I've been developing for the past three years, which has become very reliable in recent months. To sum up, my model gives me a cycle top below $100K, a 30 to 40% dump this week, followed by a downtrend punctuated by rebounds over several months towards $31K. Do your own research, as I'm only expressing my opinion, which is not a financial advice.
Note
TF daily: double top + bearish divergences on Vol, RSI, MACDTrade closed: stop reached
invalidationNote
I expect #Bitcoin to rise towards $110K, then a lateralization phase lasting several days before dropping to $60K.Note
Actually #Bitcoin will collapse soon, stay tuned.Note
Goodbye $99K, see you in 3 years...Note
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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.