Disclaimer: I am not associated with Armstrong Economics in any shape or form.
BTCUSD closed March under $7026 thus electing a very bearish Monthly reversal level. The likelihood of going down to the 4th reversal at $2972 is very real and it can also go extreme further down to test the lower $1910 and $775 area.
Also, Socrates is indicating CAUTION WATERFALL CRASH POSSIBLE.
With the upcoming Global Depression already upon us due to blow up all Central Banks in 2021-2022, it's hard to believe there will be money available for trading Cryptos therefore, we might have to wait until the next cycle target of March 14th, 2022 before Cryptos can resume the Bullish trajectory, if governments do not confiscate Cryptos altogether.
Be safe and use protection!
BTCUSD closed March under $7026 thus electing a very bearish Monthly reversal level. The likelihood of going down to the 4th reversal at $2972 is very real and it can also go extreme further down to test the lower $1910 and $775 area.
Also, Socrates is indicating CAUTION WATERFALL CRASH POSSIBLE.
With the upcoming Global Depression already upon us due to blow up all Central Banks in 2021-2022, it's hard to believe there will be money available for trading Cryptos therefore, we might have to wait until the next cycle target of March 14th, 2022 before Cryptos can resume the Bullish trajectory, if governments do not confiscate Cryptos altogether.
Be safe and use protection!
