Bitcoin looks to be due for another drop based on simple monthly RSI trend analysis showing another massive bearish divergence. This with the combination of weakness at forward resistance levels makes me believe we will see yet another famous Bitcoin winter dump. Targets for Bitcoin drops after major runups range from 75-85%, so expect a Bitcoin to be worth around $32k at the bottom of the reversal with a possible wick to $18k. This is a casual thing for Bitcoin, so don't be worried about the upcoming discount. Stop-loss will be triggered at the above FIB level (anything above $102K). For now the position of choice is short.
I want to mention there is still a possibility of a slightly higher ATH that would remain in the bearish divergence trend before the big drop (What I was waiting for to post... but this looks like its it).
Good luck on your trades,
Robbby
I want to mention there is still a possibility of a slightly higher ATH that would remain in the bearish divergence trend before the big drop (What I was waiting for to post... but this looks like its it).
Good luck on your trades,
Robbby
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.