BTCUSD correcting lower in the coming weeks.
I stay with my view on the mid term development of BTCUSD price move.
Missing upwards pressure and a breakout that failed due to low volume one week before were followed by a massive downside correction. This move set BTC back into an new falling channel which will lead prices down to the base path of the long term fib channel which has been valid since at least 2014.
We will see falling prices until Q1-2022. Depending on the decidedness of this downside correction we will find good buying opportunities in the lower 30k or even uper 20k region by end Q1, beginning Q2 2022.
_____
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Never put your love and your money in the same place.
You could end up with your balance getting f***** while you're doing the hard work.
Missing upwards pressure and a breakout that failed due to low volume one week before were followed by a massive downside correction. This move set BTC back into an new falling channel which will lead prices down to the base path of the long term fib channel which has been valid since at least 2014.
We will see falling prices until Q1-2022. Depending on the decidedness of this downside correction we will find good buying opportunities in the lower 30k or even uper 20k region by end Q1, beginning Q2 2022.
_____
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
Never put your love and your money in the same place.
You could end up with your balance getting f***** while you're doing the hard work.
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