- Not 13,000 USDT, not 12,000 USDT, but I think 10,000 USDT or 9,500 USDT can be the bottom for Bitcoin , and this is a very optimistic scenario!
- As you can see, the bears yesterday successfully broke the key market structure that had held for almost 6 months.
- Bitcoin is now in serious trouble, and 3,000 USDT is now at play, believe it or not. A 5-year or 10-year bear market (crypto winter) is also possible.
- Maybe the 17k that was hit yesterday was a temporary bottom; it’s possible, but I don’t think so. The temporary bottom will be around 14k, when everyone will be buying, and we will have a massive false uptrend.
- The chart is printing a falling wedge , but this wedge is incomplete, and we need much more time to spend on this pattern.
- From the Elliott Wave perspective, an impulse wave was printed yesterday, which is a disaster, that’s for sure.
- A support of 10,000 USDT is very strong. I expect a significant reaction here because it is the 0.618 FIB of the previous impulse wave + the previous head and shoulders neckline.
- A lot of big players will get liquidated during an upcoming crash, like LUNA, FTT , and so on.
- The only good investment is BNB, let’s be honest! At least it’s holding its value.
- https://www.tradingview.com/chart/BTCUSDT/1suonzeS-Bitcoin-Secret-pattern-no-one-is-talking-about/
