This would be the lowest bottom I would be looking at for this asset. I am not sure BTC could even go there, but in these crazy markets - anything is possible. I am NOT an EW analyst, but this scenario does look juicy.
I firmly believe this confluence zone might be a generational buying opportunity for this asset.
Of course, each asset can always go lower, but even if it does, DCA is a good strategy at those levels.
If we enter a harsh bear market environment, patience is required, because after a long time of accumulation, this asset can give good 5-year and 10-year...
This is a quick evaluation of the macro, bearish targets in case the downtrend continues violently. This short analysis has been originally published on 9th of May 2022.
Theoretically red triangle could become an accumulation area for the new bull run, with some exceptions for major events like black swan events or sudden mania followed by the right monetary and...
This is a combination of a 2015 Shiff's ascending pitchfork, 2018 regular, ascending pitchfork and 2021-2022 regular descending pitchfork. Their levels have been respected amazingly and in a precise manner, so I would expect them to generate more data and some violent bounces, as well as the hypothetical or relative bottom. Anything below 16000$ BTC would be...
This is a quick evaluation of the macro, bearish targets in case the downtrend continues violently. This short analysis has been originally published on 9th of May 2022.
Theoretically red triangle could become an accumulation area for the new bull run, with some exceptions for major events like black swan events or sudden mania followed by the right monetary and...
![BTCUSD: 2022 downtrend - Bearish case targets [close up]](https://s3.tradingview.com/l/lyYaVdn1_mid.png "2022 downtrend - Bearish case targets [close up]")
