BTC break after 4 months the support of 20k-18.9k based of fundamentals news regarding scams, uncontrolled market as was back in 2000 in .com bula.
After that before a new fresh money to come in the market we need regulations as big institutionals to come or to re entering in the game..
Till then the expectations is a quick break bellow last week low with not retest of 19k area based of that bad news (FTX, ALAMEDA, BLOCKfi, past LUNA, Celsius etc) what was much distructive to the ecosystem than risk of WW3, crise and a lot of other turbulence.
My low is conservative around 13800-14000 to much aggressive of 12k-11k zone and remain there at list 5-6 months where will be the last stage of that way down. This that for sure will be analysed compare with Indices Nasdaq and S&P 500 where i expect soon a big, very big dump of 10-15% (as big as big we will correct the low of BTC )
After regulations imposed we will see a new big bull run and will go from bottom or at least from breaking rectangle what will be created there on the bottom.
I will keep u posted with all structure on daily TF every week monday morning till the all bearish move will be finished!!!!
After that before a new fresh money to come in the market we need regulations as big institutionals to come or to re entering in the game..
Till then the expectations is a quick break bellow last week low with not retest of 19k area based of that bad news (FTX, ALAMEDA, BLOCKfi, past LUNA, Celsius etc) what was much distructive to the ecosystem than risk of WW3, crise and a lot of other turbulence.
My low is conservative around 13800-14000 to much aggressive of 12k-11k zone and remain there at list 5-6 months where will be the last stage of that way down. This that for sure will be analysed compare with Indices Nasdaq and S&P 500 where i expect soon a big, very big dump of 10-15% (as big as big we will correct the low of BTC )
After regulations imposed we will see a new big bull run and will go from bottom or at least from breaking rectangle what will be created there on the bottom.
I will keep u posted with all structure on daily TF every week monday morning till the all bearish move will be finished!!!!
Comment:
wait for triangle bkout
Comment:
As Solana previously, look at BTC, complete the box and go down to acumulation zone
Comment:
correction almost complete, we wait for one leg down or retest the low, anyway first scenario stil in play but maybe for next year
twitter @mihaipetrea6
telegram:@learntotrade20
telegram:@learntotrade20