Humor Me [Bearish Perspective] (Jan 4th through Mar 2021)
Bitcoin/USD (January 4th 2021 through March 2021)
Assuming Bitcoin isn't bullish at this point:
Low: $22,564-$14,971
High: $32,475
Don't take my word for it because I can definitely be wrong, but assuming the -17% dump-out we saw in the last day is the start to a crash, here's how price action COULD look in the next few weeks.
I will make another chart for a bullish perspective here soon in the event that this chart is wrong and Bitcoin doesn't go down past 27k. I could very well be very wrong but right now I'm just trying to recalculate my original ideas and watch closely.
The bullish version of this time-frame can be found here, which may come in handy if this bearish perspective ends up being wrong which I expect is totally possible :)
![Humor Me [Bullish ST Perspective] (Jan 4th through Feb 2021)](https://s3.tradingview.com/z/ziUVtSQy_mid.png)
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Assuming Bitcoin isn't bullish at this point:
Low: $22,564-$14,971
High: $32,475
Don't take my word for it because I can definitely be wrong, but assuming the -17% dump-out we saw in the last day is the start to a crash, here's how price action COULD look in the next few weeks.
I will make another chart for a bullish perspective here soon in the event that this chart is wrong and Bitcoin doesn't go down past 27k. I could very well be very wrong but right now I'm just trying to recalculate my original ideas and watch closely.
The bullish version of this time-frame can be found here, which may come in handy if this bearish perspective ends up being wrong which I expect is totally possible :)
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
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