Is this CRAZY😮 scenario going to happen?
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Bitcoin is in local downtrend from the beginning of 2022. After publishing of the inflation rate data (8.6%) bears push the price lower and lower. In this idea i`ll try to explain you where this DUMP may stop!
📊The price moves in a downtrend and repeats the scenario described in the previous ideas:
🔶 breakdown of the channel, which is a part of the bearish flag.
🔶 dump for 35% out of 50%.
🚩Here you can see 3 ideas that were made 1-2 months ago. Bitcoin follow all the global scenarious:
🔶1. Channel breakout.
🔶2. How to identify the bottom and BUY the crypto in time? 3 tips!
🔶3. BTC: Real Life wedge trading! Tutorial for traders!
🚩Do not forget that the local pumps were also catched. I show you the 1 of several:
🎯The targets:
$22600-24200 - closest value area and support for the price.
$17800-19800 - HUGE value area and the previous ATH of 2017 bull cycle. As you may know BTC never test it`s ATH before, so cycles are changing and it may happen for the first time.
Now BTC fall for almost -35% after the last idea. If BTC fall not for 50-55%, but for 40-45% it will be actually the good result, isn't it?
✅If you think you need to know just the trading patterns (wedge, channels, head and shoulders) to predict the price movements it`s not. You need to understand the different trading methods as the technical indicators (volume, horizontal volumes) and BTC macro cycles. Overall, combine and try to find the best tading strategy. All this info i publish every day, so 🏁you can learn it for free.
🌐Traders, if you still have a question about trading tips let me know in the comment or check the links at the bottom pannel.
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊The price moves in a downtrend and repeats the scenario described in the previous ideas:
🔶 breakdown of the channel, which is a part of the bearish flag.
🔶 dump for 35% out of 50%.
🚩Here you can see 3 ideas that were made 1-2 months ago. Bitcoin follow all the global scenarious:
🔶1. Channel breakout.
🔶2. How to identify the bottom and BUY the crypto in time? 3 tips!
🔶3. BTC: Real Life wedge trading! Tutorial for traders!
🚩Do not forget that the local pumps were also catched. I show you the 1 of several:
🎯The targets:
$22600-24200 - closest value area and support for the price.
$17800-19800 - HUGE value area and the previous ATH of 2017 bull cycle. As you may know BTC never test it`s ATH before, so cycles are changing and it may happen for the first time.
Now BTC fall for almost -35% after the last idea. If BTC fall not for 50-55%, but for 40-45% it will be actually the good result, isn't it?
✅If you think you need to know just the trading patterns (wedge, channels, head and shoulders) to predict the price movements it`s not. You need to understand the different trading methods as the technical indicators (volume, horizontal volumes) and BTC macro cycles. Overall, combine and try to find the best tading strategy. All this info i publish every day, so 🏁you can learn it for free.
🌐Traders, if you still have a question about trading tips let me know in the comment or check the links at the bottom pannel.
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Note
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