Bitcoin is breaking down right now! (lifetime opportunity)

Jan 13

Bitcoin is currently breaking down out of the head and shoulders pattern, as I expected in past weeks. The next support is 85k, and we can hit this support pretty quickly. Bitcoin is known for its huge volatility.

After we hit 85k, I expect Bitcoin to go up and retest the previous neckline of the HaS pattern, which is at around 91k! So you can make 2 trades in the short term. If you watch my posts, you know that 85k is a significant support level. It's the start of the FVG on the daily chart. Between 85k and 77k there is pretty much no price action. That means we can experience a huge flash crash. But let's be realistic: 85k is also a 20% correction from the ATH. Statistically, a 20% crash is when you want to put your buy orders.

1:1 FIB extension corresponds to the ABC correction. We are in Wave C of a corrective pattern.

Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!

Jan 14

Order cancelled

The price is still inside the range; the breakdown didn't happen. Currently the price is printing a falling wedge pattern. The problem is that we can be stuck inside this pattern for another 30 days. There is an opportunity to open a short position at the trendline of the wedge.