BTCUSDT big drop in 4 steps, step 1 underway
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.
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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Related publications
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.