I'm just going to write here the words I wrote in the chart.
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BTC CRUCIAL (Possible Crash if...)
This week's candle will close in 1Day and 15hours
1. BTC massive rejection from 45k (20smma yellow) - we want to see a recovery upto 41-42k within this weekly candle. (13.67% wick from top to body)
2. If BTC didn't recover then I can see the Major Support test starting at price 33k within a month. And if Major Support #1 didn't hold, I could see crash.
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My Sentiment Analysis
BTC grew 2093.83% from 3.1k (December 10, 2018) to 69k (November 08, 2021) we've been so bullish for a very long time now correction must happen if we want to see a much healthier BTC market in future.
Aside from the news that's affecting the crypto market, maybe it's the perfect time to give crypto (especially BTC) a correction rest.
Don't get me wrong, I want BTC to be bullish as much as most want it to be, but I think it won't be healthy for BTC if we pushed it too far.
Be Bearish now temporarily so we can appreciate the bullishness in future.
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Thank you!
-
BTC CRUCIAL (Possible Crash if...)
This week's candle will close in 1Day and 15hours
1. BTC massive rejection from 45k (20smma yellow) - we want to see a recovery upto 41-42k within this weekly candle. (13.67% wick from top to body)
2. If BTC didn't recover then I can see the Major Support test starting at price 33k within a month. And if Major Support #1 didn't hold, I could see crash.
-
My Sentiment Analysis
BTC grew 2093.83% from 3.1k (December 10, 2018) to 69k (November 08, 2021) we've been so bullish for a very long time now correction must happen if we want to see a much healthier BTC market in future.
Aside from the news that's affecting the crypto market, maybe it's the perfect time to give crypto (especially BTC) a correction rest.
Don't get me wrong, I want BTC to be bullish as much as most want it to be, but I think it won't be healthy for BTC if we pushed it too far.
Be Bearish now temporarily so we can appreciate the bullishness in future.
-
Thank you!
