Here is what I think will play out when the next big correction happens, which still looks like will happen on march 25th. If it gonna play out similar to the previous big correction. We now will have a slow run up to the march 25th if no bigger update or news happen that cause bitcoin to hit the crash line earlier we will still expect 25th be the day we see the big dip. The last few days of lows we could see where most of the support lines are and combining with some of the data of the previous run I think this be a possible scenario.
25th of March we will hit 58000 euro and start the decent down
26th due to contracts ending speed of fall increases
27th hit bottom at 49000 - 48000euro
28th we will get a small recover going up after people buying back after hitting bottom
29th Hit next bottom of 47000-46000
30th start rise because next day many crypto have updates on 31st
31st and 1 april be going up and depending how fast we go up we could see the start of next run up or if not will will go down
2nd April if still going down hit 46000 before going up again, to start the next run up to April 27 and hit 68000
I personally set a limit sell a alarm at 57000 and also a limit sell at 57900, after that I suggest keep eye on bookings list and depth to see where most bookings for it to dip down to.
Extra tip Never be too greedy when setting your limit for buy or sale, if you set at precisely with large volume of booking there are chance you might only get a partial sell so I alway set the slightly lower to make sure it get sold and set buy limit slightly higher to make sure have a buy also.
25th of March we will hit 58000 euro and start the decent down
26th due to contracts ending speed of fall increases
27th hit bottom at 49000 - 48000euro
28th we will get a small recover going up after people buying back after hitting bottom
29th Hit next bottom of 47000-46000
30th start rise because next day many crypto have updates on 31st
31st and 1 april be going up and depending how fast we go up we could see the start of next run up or if not will will go down
2nd April if still going down hit 46000 before going up again, to start the next run up to April 27 and hit 68000
I personally set a limit sell a alarm at 57000 and also a limit sell at 57900, after that I suggest keep eye on bookings list and depth to see where most bookings for it to dip down to.
Extra tip Never be too greedy when setting your limit for buy or sale, if you set at precisely with large volume of booking there are chance you might only get a partial sell so I alway set the slightly lower to make sure it get sold and set buy limit slightly higher to make sure have a buy also.
Comment:
Still following the white line right now, the leading up to te big dip. Right BTC getting rejected push up above 5000euro and will have some major fluctuations until we do , but still following the previous cycle it should be able to push through the today or next few days. Hitting the next ceiling , then going down to push for the top after which trigger the start for the dip.