As pointed out in my previous posts, I forsee a big move to the downside to finish the bear flag (and 4th Wave). This might happen faster than we think, because
I therefore expect a similar thing will happen this time. Accumulation targets are laid out in the chart. The blue fib levels are potential entry points. Confluence levels with the weekly 200MA are around 22-23k.
Curious if this post will age well. Any feedback in the comments would be much appreciated!
-If you agree with this, like and share.
Cheers.
- We are already trading under the 200MA (3D);
- In Oct. 2018, this was the beginning of Bitcoin's capitulation, which brought us all the way down to the 200MA on the weekly timeframe
I therefore expect a similar thing will happen this time. Accumulation targets are laid out in the chart. The blue fib levels are potential entry points. Confluence levels with the weekly 200MA are around 22-23k.
Curious if this post will age well. Any feedback in the comments would be much appreciated!
-If you agree with this, like and share.
Cheers.
