BTC Capitulation
Market price has spoken. The break below 91K suggest we are in a ditribution phase, this seems not to be another re-acumulation.
If this bearish hypothesis is true, I would expect the price to reach lower ( 65 - 73K area) in accordance with macro Fibonacci levels. Once BTC will reach those, we will see the sentiment for a possibility of a bounce back to 100sK area. But by the moment, my sentiment is bearish.
Disclaimer
Trade only your own ideas. This idea is only my mere speculation and I do not provide financial advice, nor I am a professional in this field. I hold BTC and other cryptocurrencies.
Good luck to everyone,
T.
If this bearish hypothesis is true, I would expect the price to reach lower ( 65 - 73K area) in accordance with macro Fibonacci levels. Once BTC will reach those, we will see the sentiment for a possibility of a bounce back to 100sK area. But by the moment, my sentiment is bearish.
Disclaimer
Trade only your own ideas. This idea is only my mere speculation and I do not provide financial advice, nor I am a professional in this field. I hold BTC and other cryptocurrencies.
Good luck to everyone,
T.
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.
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.