Worst case scenario for BTC
Updated
the scariest thing about chart is lack of strong Bermuda below, just a lonely one-minute level (red) on 40150$ . the next support levels are on 35K and 33.5K, all of them from one-minute time frame...
On the other hand heavy remaining orders from any time frame has created Bermudas above...
so I can imagine the worst case scenario for Bitcoin to hunt 41.9K buyers and start massive dump after that...
it needs a big fundamental news to creat such a massive fear, zombies are coming soon perhaps ...
there is a more hopeful scenario for BTC which was my previous analysis and forcast, linked below...
On the other hand heavy remaining orders from any time frame has created Bermudas above...
so I can imagine the worst case scenario for Bitcoin to hunt 41.9K buyers and start massive dump after that...
it needs a big fundamental news to creat such a massive fear, zombies are coming soon perhaps ...
there is a more hopeful scenario for BTC which was my previous analysis and forcast, linked below...
Note
because of data limit from tradingview (5k bars) I couldn't provide low time-frame (1min, 5min and 15min) bermudas below 33k ....I have to buy a premium plan or use other platforms to find them, but it was cool for me to see how was price moving ...
stay tuned for upcoming analysis ...
wish you green positions
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