BTCUSDT: Ready for a shockwave
Hello traders!
I was under pressure from buyers and I kept listening that BTC will jump and they don't want me to say BTC will fall. But the final analysis is here, I never take decisions according to my perception but I take decisions according to my methods which are derived from the Natural behavior of the graph.
My three-step formation method is completed and it's clear that the market will not break the previous 45850 high and it will go back to 34500. BTC is also forming a reversal pattern above the S/R level and it will push the price downside. This will not be a sudden dump. It will keep forming correction patterns and will break its downside.
Normally the third step never forms very far from the second formation but this time we can see BTC was pumped and it is now exhausted.
I am expecting BTC to touch 34450 price and there is also an untested broken S/R level that should be tested before any mega pump. The drop is about 21-22% depreciation from the current price.
I will update the chart on Saturday I will also keep rechecking my analysis multiple times before the update.
Thanks for your support and likes and also support this idea with your likes and follow to stay connected.
I was under pressure from buyers and I kept listening that BTC will jump and they don't want me to say BTC will fall. But the final analysis is here, I never take decisions according to my perception but I take decisions according to my methods which are derived from the Natural behavior of the graph.
My three-step formation method is completed and it's clear that the market will not break the previous 45850 high and it will go back to 34500. BTC is also forming a reversal pattern above the S/R level and it will push the price downside. This will not be a sudden dump. It will keep forming correction patterns and will break its downside.
Normally the third step never forms very far from the second formation but this time we can see BTC was pumped and it is now exhausted.
I am expecting BTC to touch 34450 price and there is also an untested broken S/R level that should be tested before any mega pump. The drop is about 21-22% depreciation from the current price.
I will update the chart on Saturday I will also keep rechecking my analysis multiple times before the update.
Thanks for your support and likes and also support this idea with your likes and follow to stay connected.
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.