Recently I made an analysis on Bitcoin and my expected final capitulation area. Said capitulation area would, in my view, be likely be the bear-market low.
For now, we found strong support around the $29k support, the same area which held during the summer-21 bear market. Since the stock markets have been selling off for 6 straight weeks, it's statistically likely that stocks will end up in the green next week, which will likely lead to a green week for BTC as well.
In my view, this is just a dead-cat bounce which will eventually lead to further capitulation towards the 200-week SMA.
Enjoy the bounce, but be careful since there's likely more downside coming.
For now, we found strong support around the $29k support, the same area which held during the summer-21 bear market. Since the stock markets have been selling off for 6 straight weeks, it's statistically likely that stocks will end up in the green next week, which will likely lead to a green week for BTC as well.
In my view, this is just a dead-cat bounce which will eventually lead to further capitulation towards the 200-week SMA.
Enjoy the bounce, but be careful since there's likely more downside coming.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。