Bitcoin - The only 100% probability setup!

14 Kas

🔪Bitcoin (BTCUSD) will drop -40% very soon:

🔎Analysis summary:

If we just take a look at previous cycles, Bitcoin is already starting a major -40% correction. If we then also take market structure and price action into account, this becomes a 100% probability setup. The next clear crypto bearmarket is starting right now.

📝Levels to watch:

$100,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

24 Kas

İşlem aktif

🔪Bitcoin (BTCUSD) is literally collapsing:

🔎Analysis summary:

Bitcoin already created a -30% drop after retesting a major resistance curve. Therefore all of the previous price action was totally expected and not a surprise at all. Yes, Bitcoin is oversold now but the next support is still at about -30% lower from here.

📝Levels to watch:

$50,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

5 gün önce

İşlem kapandı: hedefe ulaştı

🪚Bitcoin (BTCUSD) is still 100% bearish:

🔎Analysis summary:

After retesting the major resistance curve and creating bearish confirmation, Bitcoin already dropped about -40%. But looking at all previous cycles, this drop does not seem to be over yet. In fact, Bitcoin could drop another -20% before it will retest first support.

📝Levels to watch:

$75,000 and $60,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION