AGOODLIFE007

BTC 4 Day Time Frame

Short
AGOODLIFE007 Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Please view the 4th arrow on the far left. it seems similar to the 8th arrow on the far right. I think by looking at the 8th arrow on the far right, we might be due for a correction. Might drop to 7.4K to 7.6K.

Because of the halving we might not see it follow the same path as it did after arrow number 4.

Obviously it's very hard to predict exactly whats going to happen but this correction "looks" to be coming sooner then later and might be choppy on its way down to the correct

#BTC
Comment:
Sorry, I meant the 9th arrow not 8th
Comment:
I expect Feb 14th, which is the start of the new 4 day candle will be the start of a pull back / drop / dip
Comment:
notice how the 4th arrow from the right and the 9th arrow from the right are at identical heights.

Notice how their is a green 4 day candle peaked and the followed by a red 4 day candle from the peak.

The same holds true for now (9th arrow). This current red 4 day candle we are in fits the pattern perfectly.

That is why I believe the 14th will be the beginning of the drop as mentioned earlier.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.