BTC …local top ?
Updated
BTC / USDT
According to many signs BTC seems to be at local top / finished its mid bull cycle
If my thoughts are right then we could see strong drop “final capitulation” in next few days/weeks towards potential bounce zones in my chart
These zones are located at liquidity and stoplose of majority
The most interesting bounce zone are :
1- First zone: 36k-32k forming cup and handle pattern and start fly again after that
2 - Second zone : 18k and below which can even update the major bottom of current cycle
The first zone has higher chance to make the bounce
The confirmation for bears is 1D close below 40k
As you know, We had seen the final capitulation phase in the previous cycles ..ex: corona event march 2020
What we advice :
1- Take some profits like 50%
2- Hold some stable coins for upcoming opportunities
3- Dont sell everything…incase of any surprise like usual
Waiting for your thoughts and opinions
Best of wishes
According to many signs BTC seems to be at local top / finished its mid bull cycle
If my thoughts are right then we could see strong drop “final capitulation” in next few days/weeks towards potential bounce zones in my chart
These zones are located at liquidity and stoplose of majority
The most interesting bounce zone are :
1- First zone: 36k-32k forming cup and handle pattern and start fly again after that
2 - Second zone : 18k and below which can even update the major bottom of current cycle
The first zone has higher chance to make the bounce
The confirmation for bears is 1D close below 40k
As you know, We had seen the final capitulation phase in the previous cycles ..ex: corona event march 2020
What we advice :
1- Take some profits like 50%
2- Hold some stable coins for upcoming opportunities
3- Dont sell everything…incase of any surprise like usual
Waiting for your thoughts and opinions
Best of wishes
Note
BTC starts to drop Hope u followed my advice about taking profits
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
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