BTC (Bitcoin) - Business As Usual ?While we all thought bitcoins new investor base would hold us above the 40k support, it broke.
Why?
The fairy dust has cleared and the fomo buyers from last year thought “stonks and crypto only go up”? Well they are all liquidated now and will be deleting there apps.
What’s next?
Taking a look back at the WEEKLY, this is the 60% dump Bitcoin commonly does. April 2021 was the last.
Whales will start accumulating at 35k. And push us quickly above 40k.
Where is the bottom?
28k-32k is the absolute bottom.
Stay nice, this is not financial advice.
mrnicegvy
Mrnicegvybtc
BTC (Bitcoin) LONG - HOW TO 2022The crypto and equities market have been hit with some spooky catalysts and risk assets (tech & crypto) are having trouble holding support. I'M ALL FOR IT!!
While it's important to know where we came from, markets move and you'll need to pivot along the way. LET'S DIVE IN.
38.5K - 40K (GREY ZONE) - ENTER LONG
40K - 43K (PURPLE ZONE) - BUYER CONFIDENCE, ADD ON 40K BOUNCE
43K - 45.5K (BLACK GAP) - IMPULSE BUYER PUSH, ADD IF WE DIP BACK DOWN TO 40K DUE TO PROFIT TAKERS AT 45K
45.5K - 50K (YELLOW ZONE) - EXPECTED DUMP IF WE CAN'T HOLD 50K, ADD ON DIP BACK DOWN TO 43K
50.K - 53K (ORANGE ZONE - SIDEWAYS INSIDE THS CHANNEL UNTIL WE BREAK ABOVE 55K.
63K - 67K (RED ZONE) TAKE PROFIT, TARGET.
SEE YOU ALL AT THE TARGET.
Stay nice, this is not financial advice.
like and follow to watch this trade unfold. Step by step updates will be provided below.
mrnicegvy