I was looking for a real dip as i've shared on my earlier posts. A dip like the 6k dip with a huge wick reversal candle with crazy volume. I am not fool enough to believe the adam and eve bottom pattern kind of made-up patterns. This is not a real reversal pattern and ends with a giant capitulation.
So my analysis contains 3 parts:
1- Trend analysis: We are still bearish but we got the signal that the bottom is so close. This made me convinced that we will not go to 1k levels which the crazy run started.
2- Time analysis: My time analysis shows me the bottom will be in the 1st week of June. So im happy cause we will start to go up in the middle of this year.
3- Price analysis: My best bottom target is 4.5k usd. It might be lower, may be 3 to 4.5k but it doesn't matter. I am not that greedy. I know we are going to go crazy prices in 2 years max.
So, long live BTC
So my analysis contains 3 parts:
1- Trend analysis: We are still bearish but we got the signal that the bottom is so close. This made me convinced that we will not go to 1k levels which the crazy run started.
2- Time analysis: My time analysis shows me the bottom will be in the 1st week of June. So im happy cause we will start to go up in the middle of this year.
3- Price analysis: My best bottom target is 4.5k usd. It might be lower, may be 3 to 4.5k but it doesn't matter. I am not that greedy. I know we are going to go crazy prices in 2 years max.
So, long live BTC
Trade active
The dip might be delayed a couple of weeks, but the bearish capitulation is strongly on the table. Let's watch in patienceNote
The trend is double confirmed, lets see if the timeline is rightTrade active
The target is still active. But with about a month delay
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.