morning,
as we continue the descension (as predicted in my last video)
i see one of two paths
both paths give us a decent sized bounce at the monthly 21ema closer to 36k
a deadcat bounce more likely than not before further continuation to the downside.
a conservative downside target once that bounce completes sits at 31k
worst case scenario it drops to 23k (monthly 55ema).
-----
similar to 2018 & the covid crash in 2020 (the last few times we challenged the monthly 21 ema on such a great scale \ once it broke down we saw a real capitulatory move down to the 55ema.)
trade safe 💸
as we continue the descension (as predicted in my last video)
i see one of two paths
both paths give us a decent sized bounce at the monthly 21ema closer to 36k
a deadcat bounce more likely than not before further continuation to the downside.
a conservative downside target once that bounce completes sits at 31k
worst case scenario it drops to 23k (monthly 55ema).
-----
similar to 2018 & the covid crash in 2020 (the last few times we challenged the monthly 21 ema on such a great scale \ once it broke down we saw a real capitulatory move down to the 55ema.)
trade safe 💸
Nota
it's a traaap cityNota
might be gearing up for a larger abcNota
36.6k is the key, if it is breached - look out below ~Nota
Nota
1 more hit to the low, then we ride
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.