The backdrop is my prediction of a 2008-style crash, with Bitcoin (BTC) dropping to $26k (see related ideas).
During the crash, I’ll aim to capitalize on short-term moves, targeting clear patterns with high reward-to-risk ratios.
Following a prolonged consolidation—resembling a triangle—an impulsive wave down has begun to form. I now expect the 200-hour moving average (MA200 H1) to act as resistance, pushing the price to a new low and trade accordingly.
During the crash, I’ll aim to capitalize on short-term moves, targeting clear patterns with high reward-to-risk ratios.
Following a prolonged consolidation—resembling a triangle—an impulsive wave down has begun to form. I now expect the 200-hour moving average (MA200 H1) to act as resistance, pushing the price to a new low and trade accordingly.
Related publications
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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.
Related publications
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.