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BTCUSD D1: 22000 USD 65% correction WORST CASE(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. IMPORTANT NOTE: speculative setup. use FIXED SL.
🔸 Summary and potential trade setup ::: BTCUSD one day/candle chart review/outlook ::: today we will do something different ::: correction in progress not over yet ::: and review ABSOLUTE WORST CASE scenario ::: for BTCUSD which is 65% correction ::: off the highs at 64 000 USD ::: not highly likely / although keep an open mind ::: via correction from HIGH/LOW ::: on the right summer 2019 A/B/C correction ::: HIGH/LOW was 65% correction ::: frin 13 600 to 4600/4800 USD ::: this is the WORST CASE scenario ::: typically BTCUSD will do 25/35% correction ::: before reversal ::: SEPTEMBER is WORST month last 10 years ::: for BTCUSD based on seasonality data ::: so message for the BULLS ::: stay out of this market in September ::: let's see the monthly close in September ::: then we can get the idea for the bottom ::: My BULL CYCLE target is still 150 000 USD ::: if we get a DEEPER correction still BUY LOW ::: overview of recent corrections in BTC below ::: January 2021 - 30% correction ::: Aug/Sept 2020 - 20% correction ::: summer 2020 - 20% correction ::: March 2020 - 60% correction ::: September 2017 - 40% correction ::: BUY/HOLD / do not expect miracle gains ::: lower probability scenario but ::: KEEP AN OPEN MIND ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS/150 000 USD ::: Sentiment outlook short-term: BEARS/35 000 USD
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