Bitcoin / TetherUS
Short
Updated

BTCUSDT big drop in 4 steps, step 1 underway

667
The first phase of the big BTCUSDT crash that I announced in one of the previous ideas is underway.
The price failed to break the red resistance line, continued to fall and confirmed the validity of the orange megaphone pattern. I expect that during this or next week the price will drop to 50.000, so step 1 would be confirmed (retesting orange resistance line).
After that I expect a retracement and then a breakout orange resistance line and a further drop. This would start step 2.

Disclamer: This is not financial advice.
You trade at your own risk.
Note
STEP 1 completed

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