Alternate Bitcoin crash idea. We're crashing to 22k in a month
In my previous post today, I stated that I think bitcoin is topping out around 49k and dropping to 31k in a few weeks. There is bearish divergence on the daily RSI and bearish divergence on the 4 hour RSI. I'm not going to say that 31k actually holding as support is certain as I'm not entirely sold on 31k. I have two theories for how low we crash over the next month.
Either we are crashing to 31k in october... or we are crashing even lower to 22k (also in october).
This 2nd theory that states 22k... it has several ideas that make it make sense. It has multiple touches on that daily candle close line that I have shown. 22k is the 1.272 fib extension. 22k is support looking to the left. It's a VERY believable support level. If 22k is going to happen, it seems that it will happen around october 1st as I really do think that white candle close trend line is what is going to bounce it upwards.
Either 31k or 22k approaches. After this crash... I will tell you where the next one takes us up to. I'm super excited for these next few months. It's about to get extremely interesting in the crypto market.
Either we are crashing to 31k in october... or we are crashing even lower to 22k (also in october).
This 2nd theory that states 22k... it has several ideas that make it make sense. It has multiple touches on that daily candle close line that I have shown. 22k is the 1.272 fib extension. 22k is support looking to the left. It's a VERY believable support level. If 22k is going to happen, it seems that it will happen around october 1st as I really do think that white candle close trend line is what is going to bounce it upwards.
Either 31k or 22k approaches. After this crash... I will tell you where the next one takes us up to. I'm super excited for these next few months. It's about to get extremely interesting in the crypto market.