Expecting a huge pullback to 28-30K Levels , We are experiencing a Wyckoff distribution right now that has a target of 37K but the sell of will continue till 28-30K
Then to fall to 3K for theBear Market end. THe market will be going up without any reasoning, but probably by liquidity.
A possible breakout of the trading range targets 110K usd for BTC.
BTC will trade below 30K and then reach 100K. Expecting a sharp sell off at 30K , a spill, then a strong rally to previous ATH, taking profits at 42.30, previous ATH and at 75K
It seems BTC might be getting ready for an upside, reversal move. Considering the Crypto Fear and Greed Index Extreme fear , all the indicators are trading at their bottoms. It is more likely that BTC will have one more down move( 33K ) before completing the pattern and breakout to upside 50K Levels
This is my longer term bitcoin scenario, of course no one has the collateral on the future but just a scenario to keep in mind
Here is my mid term Bitcoin expectation/ Scenario
It will continue its correction down to ~43K range
My previously posted expectation of a 40K move might be on the way Short term hodlers be cautioned
Althoughit is a clear Bull market, BTC might be poised to a down fall. IF it trades below 54K , the fall will be sharp and painful If this scenario plays out, alts might suffer as well
Bitcoin dominance is expected to go to 32.5. Hyper-Alt season is upon us
Have no idea why but the marginally higher highs is a sign of weakness
As previously I mentioned begining of the altseason, now I am calling the end of it. If youe shitcoin hasn't performed well enough, a wise man should sit down and think BTc.Dominance will lead to upper band of the rising triangle
If the ascending triangle is broken downside and I say again , if! It will be a mother of all alt seasons BTC.D targets 33 area
Zil seems to form a solid bottom on a Weekly Time frame
Bitcoin dominance is in an ascending wedge , and 74.60-76.58 area might be where Bitcoin domince ends and Altseason starts
There are times you need to update your hypothesis and think about different scenarios , this is one of them. As previously mentioned, I was expecting BTC dominance to move in a downward megaphone, but it seems and feels like another potential scenario could be that BTC Dominance is targeting 76-77 rang at the top of an ascending wedge. This will also allow BTC...