BTC / USD
BTC about to reach major support 32k - 28k
F&G index dropped to extremely fear
Whats the plan ?
From current major support I expect market will do temporary bounce (alts will follow for few green days or few green weeks before next crash )
In the chart you can see :
Major support 32k-28k i think MM will break this level sooner or later to hit stoploss of majority after that
We can drop and touch 200W MA
as History show every time BTC hit 200w MA it will end of bear trend and start of bull trend
i think also Bitcoin wont breakdown its previous ATH at 20k (if it do that then we have serious problem that will threaten whole crypto system as BTC never breakdown its previous ATH )
Summary
From all of above I think next long term bottom will be located between 27k-21k
1- which be around 200W MA
2- trigger for stoploss and liquidation
3- completion of giant falling wedge in my chart
this is my own long term view , agree or not ?
Don’t forget to like and follow for more analysis
BTC about to reach major support 32k - 28k
F&G index dropped to extremely fear
Whats the plan ?
From current major support I expect market will do temporary bounce (alts will follow for few green days or few green weeks before next crash )
In the chart you can see :
Major support 32k-28k i think MM will break this level sooner or later to hit stoploss of majority after that
We can drop and touch 200W MA
as History show every time BTC hit 200w MA it will end of bear trend and start of bull trend
i think also Bitcoin wont breakdown its previous ATH at 20k (if it do that then we have serious problem that will threaten whole crypto system as BTC never breakdown its previous ATH )
Summary
From all of above I think next long term bottom will be located between 27k-21k
1- which be around 200W MA
2- trigger for stoploss and liquidation
3- completion of giant falling wedge in my chart
this is my own long term view , agree or not ?
Don’t forget to like and follow for more analysis
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UPDATE 1 :
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UPDATE 2 :
