I am sharing my current technical outlook for Bitcoin (BTC) and Ethereum (ETH). My analysis, which incorporates price action, key levels, and multiple technical indicators, points towards a period of significant volatility ahead. I have identified and marked potential entry and exit levels on my charts based on this forecast.
My primary expectation is a distinct three-phase price action sequence:
Phase 1: Initial Corrective Pullback: I anticipate a minor corrective move or consolidation in the immediate short term. This could serve as a final test of support or a liquidity grab before the next major leg up.
Phase 2: Sharp Impulsive Rally: Following the completion of this dip, I am forecasting a very strong and aggressive bullish rally. This upward move is expected to be rapid, breaking through several resistance levels.
Phase 3: Major Reversal and Sell-off: The peak of this rally is likely to be met with significant distribution, leading to a subsequent sharp reversal. I am preparing for a steep decline that could retrace a substantial portion of the prior rally.
In summary, the strategy involves navigating an initial drop, capitalizing on a powerful surge, and then positioning for a significant downturn.
My primary expectation is a distinct three-phase price action sequence:
Phase 1: Initial Corrective Pullback: I anticipate a minor corrective move or consolidation in the immediate short term. This could serve as a final test of support or a liquidity grab before the next major leg up.
Phase 2: Sharp Impulsive Rally: Following the completion of this dip, I am forecasting a very strong and aggressive bullish rally. This upward move is expected to be rapid, breaking through several resistance levels.
Phase 3: Major Reversal and Sell-off: The peak of this rally is likely to be met with significant distribution, leading to a subsequent sharp reversal. I am preparing for a steep decline that could retrace a substantial portion of the prior rally.
In summary, the strategy involves navigating an initial drop, capitalizing on a powerful surge, and then positioning for a significant downturn.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.