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BTCUSDTPERP

Bitcoin Analysis(Stop Hunting or Falling has started)❗️❓🧐The start of the new year 2024 was interesting for Bitcoin; we saw both a Bitcoin Pump/Dump in the first three days. ↗️The reason for the Bitcoin Pump was the news of the possible approval of Bitcoin ETFs on Tuesday and Wednesday. ↘️The Bitcoin Dump was due to the possible rejection of all Bitcoin ETFs ( Predicted by Matrixport ). 🌐It seems that the news is playing with our capital 🤨 So we should use our analytical power and be able to answer the question in the title of this post: " Stop Hunting or Falling has started❗️❓ ." 🔨Bitcoin has started to fall from the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . In general, the price cannot break the resistance/support areas for the first time most of the time, so one would expect the price to start falling from the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, although I personally expected the price to go a little higher and then start to fall. 🌊According to the theory of Elliott waves , it seems that the main wave 5 has finished in the 🔴 Heavy Resistance Zone($52,100-$45,800 )🔴, and we should wait for the correction waves to start. 🌊In my opinion, two wave counting scenarios can be considered for Bitcoin, so that it seems that Bitcoin has completed its microwave 3 and is looking to complete microwave 4 (corrective), and then we have to wait for microwave 5, but this microwave 5 can end in two ways : 🔸Bitcoin can break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 is completed below the 🟢 Support zone($40,900-$40,200) 🟢, which strengthens our bearish scenario . 🔸Bitcoin can't break the 🟢 Support zone($40,900-$40,200) 🟢 and microwave 5 closes even a little higher than microwave 3 (microwave 5 is truncated). This scenario reinforces the possibility of Bitcoin's growth again . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴Resistance zone($44,800-$44,160)🔴, the scenario will change ✅Regarding Classical Analysis , if we look at the Bitcoin chart in the 4-hour time frame, we will realize that Bitcoin has succeeded in forming an Ascending Broadening Wedge Pattern .👇 💵Another chart that can help us analyze Bitcoin and the cryptocurrency market is Market Cap USDT Dominance% (USDT.D%) . 💵 USDT.D% is currently moving in the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 and the Support line , and I think that USDT.D% will increase at least to the 🔴 Resistance zone(6.70%-6.30%) 🔴, and then we have to wait for the SEC and see which scenario (it is clear in the chart below / weekly time frame) happens to USDT.D%, so for now, I think we should wait for a temporary increase in USDT.D% .👇 🔄To find out whether Bitcoin will be greatly affected by the USDT.D% increase or not, it is better to check the Market Cap BTC Dominance% (BTC.D%) chart ( of course, there are other charts that we can take help from ). 🔄 BTC.D% seems to have lost the uptrend line and is waiting for the 🟢 Support zone(49.46%-47.30%) 🟢 to fall, so if the USDT.D% increases , it can be said in a way that Bitcoin will be less affected by the possible fall of the market than other tokens .👇 🔔As a result, I generally expect the cryptocurrency market to experience a correction given the large slope that Bitcoin had from $25,000 to $45,000 , and if the 🟢 Heavy Support zone(5.80%-5.20%) 🟢 of ​​the USDT.D% is broken, we can expect the cryptocurrency market to recover and start to increase again. 🔔The increase of Bitcoin in the last few months is all due to the news of ETFs, and if ETFs are rejected by SEC , we should expect a sharp drop in the market to around $25,000 . Even if ETFs are approved , Bitcoin may NOT experience the expected price increase(It reminds me of the " Buy the rumor, Sell the news "). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
53
The key is whether it can rise to the second resistance zoneHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- #BTCUSDT 1W It has risen by more than 64% and is showing resistance around the 43823.59 point for the fourth week. Accordingly, if this week's candle fails to close higher than 43823.59, there is a possibility of a downward trend. Looking at the 1W chart, the transition to a downtrend is expected to occur when the price falls below 37253.81-38531.90. Until then, it is expected that price adjustments will create a pull back pattern. Therefore, the key is whether it can rise to the 45135.66-46431.5 range. (1D) It rose to the psychological resistance range of 43160.0-43823.59. Accordingly, the key is whether it can receive support and rise in the 43160.0-43823.59 range. If it fails to rise and falls below 41350.0, it is highly likely that it will turn into a short-term downtrend, so a countermeasure is needed. However, as I mentioned in the explanation of the 1W chart, there is a high possibility of creating a pull back pattern above the 37253.81-38531.90 range, so we need to consider this and create a response strategy. If it rises beyond the second resistance range of 44200.0-47600.0, the next resistance range is 53256.64-45150.01. Accordingly, it is necessary to check whether it can rise above the secondary resistance zone between around January 1st and around January 5th, which is the period of small volatility, and around January 16th, which is the main volatility period. If it is to fall, a sharp drop must necessarily occur. If a sharp drop occurs, it is likely to touch around 32917.17-34110.32. If that happens, it is expected to quickly rise to around 37253.81-38531.90, so it is expected to be a time for aggressive buying. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
📊#BTC Ascending Triangle Fails, What Will Happen Next❓➡️Since I locked all BTC spot profits at 42,000, subsequent transactions have been mainly short-term futures transactions. Because it is very likely that significant adjustments will occur after the mid-term goals are achieved. I have said this in previous posts. Fans who have been following me for a long time should have seen this point of view.✔️ ➡️At present, BTC is still adjusting at the hourly level, and the adjustment at the daily level has not been completed. Because there are expectations of substantial adjustments, our recent trading style has been mainly conservative. This is also the reason why we chose to close the position after completing the TP zone instead of continuing to expect higher targets.✔️ 🧠From the chart, we can find that there are two ascending triangles, but the adjustment periods corresponding to each other are different, so the corresponding levels are also different. This means that there is a big difference in the intensity of the rise. It is enough to show that the higher we go, the more resistance we will encounter. After yesterday's huge dump, our bull defense point was broken and therefore the ascending triangle failed. The current rise is just a rebound after sweeping the liquidity pool, so we cannot be too optimistic. The bulls' defensive point is destroyed, which means that the previous low will most likely be broken. Therefore, if we want to go long, we should wait for the previous low to be broken before looking for buying opportunities. If we want to go short, we should wait until the price breaks through the previous high again or reaches near the TP zone before looking for opportunities to intervene. Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
Bitcoin Support Levels from High to LowPreface: At the moment, bitcoin’s market structure does not confirm a downtrend or a correction. Regardless, a correction will come; they always do. Correction Depth: In 2023, we had three corrections. These corrections ranged from 20% to 23%. I don’t see a reason why this correction should be deeper. On the contrary, with the Bitcoin halving approaching and the ETFs on the horizon, I think a correction, if and when it comes, could be shallower than the previous ones. Correction Length: In 2023, the first correction was short and sharp; it lasted 19 days. The other two corrections lasted 60 days each. What Makes a Support Level Hold? A support level is most substantial when it has some additional confluence. For example, a diagonal trendline, such as a Gann angle, intersects with a horizontal level. Another example is a horizontal support level coupled with an RSI oversold reading. Demand zones are another possibility. EMAs could also serve as support or add confluence to another support level. The longer EMAS include the 100D (yellow) & 200D (green) EMAs. The more confluence, the better Bitcoin Support levels from the high to low: 1. 41.38K Gann angle. It's not likely to hold if this is a Mid-cycle correction. 2. 40.5K Range low. The range low is also not likely to hold if this is a mid-cycle correction. 3. 38.5K Previous Range high. This level has a decent chance to hold. Not too bad for DCA. 4 35.6K Previous Range low. This level is more than 20% off the top. 5. 33K January 2022 redistribution range low. If the price gets there, it’s rock solid, in my opinion. 6. 31.8: S/R level & Gann Angle. 7. Below 31.8. If Bitcoin gets below 31.8, I’ll have to call McDonald’s to see if there is an open position. NOT GOING TO HAPPEN. Possible Course of Action: Build a spot Position, DCA. Begin with a small position at the range low (no.2) and increase your position size as the price goes lower. The drawback is that you are taking a risk by buying an asset as it is losing value. Personally, I am confident that we are on the verge of a bull market, but everything is possible. DCA is only for those with a strong conviction about Bitcoin.
Long
by NewThoughtCrypto
1
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading . 💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to rise from the 🟢 Support zone($40,900_$40,200) 🟢 to the 🔴 Resistance zone($43,500_$42,800) 🔴. 💡Bitcoin is currently in a sensitive area , so that it seems to have succeeded in breaking the 🔴 Resistance zone($43,500_$42,800) 🔴. On the other hand, there are Resistance lines and 🟡 Price Reversal Zones (PRZs) 🟡above the current price of Bitcoin. 🧐So now that Bitcoin is in a sensitive area, we should use other technical analysis tools such as Elliott Wave Theory . 🌊According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the correction structure of Double Three Correction(WXY) . In such a way that the main wave W and Y have a Zigzag(ABC/5-3-5) correction structure, so it can be said that the correction structure is Double Zigzag Correction(WXY) , which is a special type of Double Three Correction. 💡Another thing to keep in mind is that I expect the DXY index to go up and have a negative effect on Bitcoin due to the correlation(-0.60) between Bitcoin and the DXY index . On the other hand, it is very likely that in the coming week, the Gold chart will also have a downward trend (Gold has a Correlation of 0.51 with Bitcoin at the moment), so Gold can also have a negative effect on Bitcoin. 💡Also, we can see Strong Regular Divergence(RD-) between two Consecutive Peaks . 🔔As a result, I expect Bitcoin to Fall to at least the Support line(1) in the coming days 🚦Since Volume Trading is usually low on Saturdays and Sundays , perhaps the decline of Bitcoin will be a little delayed . 📚Regarding the possibility that the spot Bitcoin ETF will be approved around January 10 , I can say that I think the market is currently full of news about this issue and we saw its effect on the chart weeks ago, so I think Bitcoin can still be corrected until it really is. Let confirmation spot Bitcoin ETF come so we can see another exciting movement in the crypto market. ❗️⚠️Note⚠️❗️: If BTC can touch $44,800, Bullish Scenario will be active == Next 🎯Target🎯 ==🟡 Price Reversal Zones (PRZ(1)) 🟡. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
59
🗺️Bitcoin Roadmap🗺️(🥳Happy New Year 2024🥳)🥳 Congratulate to everyone on the year 2️⃣0️⃣2️⃣4️⃣. 🙏I hope the new year is full of good things for you , your family , and your friends . 💸My wish for you is health first , success in business and personal life in the next step, and a pocket/wallet full of dollars . 🚀Bitcoin made good growth at the start of the New year(2024) , and one of the main reasons for its growth is the possibility of approving the Bitcoin ETF on Tuesday and Wednesday . (It reminds me of the " Buy the rumor, Sell the news " correction). 🏃‍♂️Bitcoin is currently moving near the 🔴 Heavy Resistance Zone($52,100-$45,800) 🔴 and the Resistance line . 🌊Regarding Elliott wave theory , Bitcoin seems to complete microwave 3 of the main wave 5 . 🔔I expect Bitcoin to drop to the 🟢Support zone($44,800-$44,170)🟢 after the completion of microwave 3 of the main wave 5 and then start to rise again to the end of main wave 5 (zone/$48,200-$46,620) . 🎉 In the end, I hope you have a Nice Holiday. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
29
🚀 #Bitcoin ETF Roadmap, $54k by January End??🚀 Our last 3 Roadmap charts have been spot-on and quite viral too, Thanks for your support so far! Let's get back to the chart! Analyzing the current market conditions, We're still on track to reach the top of the 5th wave, expected to be in the $47,000 to $54,000 range. Following that, we anticipate an ABC correction. This upcoming move will essentially confirm the accuracy of our Elliott Wave Theory, which has accurately predicted each wave precisely over the past two months. Other technical rationale behind this projection: 1. Fractals: Examination of fractal patterns on the charts reveals similar PA during the last 5 months before the halving! (Charts will be posted soon) 2. Multiple Indicators: Various technical indicators align, emphasizing the bullish sentiment including much anticipated ETF News! 3. Elliot Wave Theory: So far every single wave has been on track, the 5th wave will complete our 2-month-long EW Wave. Anticipate this movement within the coming week, but it's crucial to remain prepared for potential market shifts. Invalidation point: A close below $41,200 could signal a deviation from the anticipated trend. If you find this chart useful, please consider giving it a thumbs up and sharing it. Feel free to bookmark it to stay informed about any market shifts. DYOR, NFA Thank you PEACE
BINANCE:BTCUSDLong
by Cryptorphic
1
📊#BTC breaks through successfully, where is the next TP❓🔥After 24 days of sideways trading, we finally chose to break upward. I also said in my last post that we should mainly trade conservatively during the complex consolidation period, so we chose to take profit after breaking through the previous high. Congratulations to our friends who followed Wolf King to print money, we successfully captured nearly 700% of the profits.💰🚀🌕🍻 🧠From the current point of view, we are in the TP zone, so it is definitely unreasonable to chase the rise. If there is a correction again, then it is most reasonable to look for suitable buying opportunities again. At the same time, we use the double bottom structure as the supporting driving force for the rise, and the long-term TP zone is expected to be realized.🙏🎯✔️ Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
3
Bitcoin Analysis✈️(Three Rising Valleys Pattern)✈️✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post . 🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines. 🏃‍♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen well. 🔔I expect Bitcoin to start rising from the bottom of the ascending channel and continue to rise at least until the upper resistance line or the upper line of the ascending channel . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
Bitcoin is Ready to Go 🚀UP🚀Again🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡. 🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart after breaking the Resistance lines . ❗️⚠️Note⚠️❗️: If Bitcoin can break the 🟡 Price Reversal Zone(PRZ) 🟡, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
38
BTC is going to reach new ATH around $75k-$90k in January 2024First off, Bitcoin is in a very strong bull market since 2009 so likelihood of new ATHs is always higher than not-reaching ATH ever again. Throughout 2022 Bitcoin was in a clear correction / pullback phase after 2021 distribution. Market got cleared out of leverage with Luna, FTX, 3AC, etc. fiascos and built ground for a new wave of a bull market. Bull market started in 2023 with no signs of distribution so will likely continue. Price is very close to ATH and given 10 Jan 2024 ETF deadline its about time for big emotional swings no matter whether ETF gets accepted or denied. MA50 D1 acted as a support in 2023 bull market so it's very likely it will act as a support again and price is very unlikely to break through it down. Other than that price is consolidating in a clear abc Eliott Wave correction below strong $42000 resistance, once it breaks out there is no real resistance until ATH. Also, price is in a clear Eliott Wave ending diagonal pattern since a couple of months and ending diagonals in BTC bull markets tend to break up with strong impulsive movements. All cards are lined up there is a huge likelihood of ATH soon with ETF deadline being a catalyst for the move. BTC is a very strong buy now.
BITMEX:XBTLong
by rafbie
5
Next fluctuation range: 41350.0-46431.50Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) This period of volatility runs until December 26th. The fluctuation range is 39845.44-45135.66. However, it is showing resistance around the psychological resistance range of 43160.0-43823.59. (1D chart) The next period of volatility will be around January 16th. However, there is a period of mild volatility between around January 1st and around January 5th. The fluctuation range at this time is 41350.0-46431.50. If it fails to rise above 43823.59, the 41350.0-42278.03 range is expected to be the support zone since the MS-Signal indicator has risen above 43053.66. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Comparing Bitcoin Halving With Price Movementwhat is Bitcoin Halving? Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in 2024. Chart Overview: The chart above shows, how the bitcoin price moved before and after halving, before the 500 days of halving, the bitcoin price began to rise slowly. After the halving, the price of Bitcoin goes up hard, this was repeated in the past 3 halvings. expecting the same price movement in the 4th bitcoin halving. till the 4th bitcoin halving (halving expected date 2nd may 2024) bitcoin price will rise slowly After the halving we expect a strong up move in bitcoin and potentially reach the 200k level. Thanks Hexa
INDEX:BTCUSDLong
by HexaTrades
6
📊#BTC is still in a complex sideways consolidation phase. ☕️➡️We have experienced 21 days of sideways consolidation, and for trend traders, the complex consolidation phase is undoubtedly very grueling. But it is a paradise for swing traders. Therefore, in the complex consolidation stage, we should mainly trade conservatively.✔️ 🧠In any case, the consolidation is in line with expectations, because our mid-term goal has been achieved, so there will definitely be relatively large differences here. From a structural point of view, our bull trend has not been continued, and our short trend has not been continued. In the end, the price is gradually being squeezed to form an ascending triangle. From the chart, it is not difficult to find that our movable range is gradually decreasing. , the choice of final direction should not be far away.✔️ Let’s see 👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
Bitcoin Analysis(🦀Bearish Deep Crab Harmonic Pattern🦀)🏃‍♂️Bitcoin is moving in the 🔴 Resistance zone($43,500_$42,800) 🔴 and near the Resistance line and inside the Ascending Channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing a Zigzag(ABC/5-3-5) correction in the ascending channel so that wave A has an Expanding Leading Diagonal . 💡Also, Bitcoin has managed to form a 🦀 Bearish Deep Crab Harmonic Pattern 🦀. 🔔I expect Bitcoin to start falling after breaking the lower line of the ascending channel . ❗️⚠️Note⚠️❗️: If Bitcoin breaks the Resistance line, the scenario will change. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
32
BTC short-term is going to drop from $42700 to $40k.We are in a bull market and through Dec 2023 clear a, b, c correction is being made. Wave a and b are clearly done. Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5. The drop won't stop until price reaches $40k level. It's a good trade with a very high likelihood of success and amazing risk to reward. $42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.
BITMEX:XBTShort
by rafbie
1
My thoughts on Bitcoin Macro LevelYou are looking at the weekly timeframe of Bitcoin. Analysing After the recent move in Bitcoin I think BTC will consolidate in between 40k and 44.5k for pretty much long time and alts will get their time to make their move along with it. After that i expect it to go lower from here upon breakodown of 40k level towards 30k and i think 30k level will be a good buy and it is not going any lower below 30k at all.. I did cut many levels and areas from the chart to make it look pretty simple and i believe the ideal scenario of 44.5k--->30k-->new highs is going to happen. The analysis is based on high time frame and is my own personal opinion and thoughts. Note: Not a Financial Advice.
by ROBO416
2