Bitcoin Correction: $54k or a Drop Below $50k?

10 août

🪙 Hello everyone. Cryptocurrencies are poised for a correction.

I expect Bitcoin and altcoins to move down from their current prices. The main question remains: are we heading for a near-term correction to 54K-55k, or will we drop below $50,000, possibly to the 40k range.




BTC Liquidation Heatmap:
coinglass.com/pro/futures/LiquidationHeatMap

Indicator for TradingView:
tradingview.com/v/OTW4Ch6P/

10 août

Note

1D:

12 août

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The idea is still valid. We’re waiting.

15 août

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The current situation with Bitcoin suggests that the downward trend is likely to continue.

15 août

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The current situation with Ethereum suggests that the downward trend is likely to continue.

19 août

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I exited all positions. Bitcoin and Ethereum have shown a downward impulse. I’ll wait for further decline.