Mikhiavelli

BTCUSD - Daily Inflection Point, Oh Boy!

Mikhiavelli Güncellendi   
COINBASE:BTCUSD   Bitcoin
We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real correction will be much greater, probably to 10k maybe in extreme events, 1k...


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This is not financial advice.
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Just as soon as it was looking like a bullish breakout, rejected.
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Need the follow through for a bullish breakout; on the verge of a bearish breakdown again.
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Inflection fake out and now breakdown:

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Update, price tried to breakout but was rejected (perhaps manipulated?) and is back in breakdown territory. Seems to be surpressed. I expect some fireworks soon.

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Mikhiavelli Knows!

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It was only a matter of time.
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This ride isn't over yet.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.