Why do some charts so drops or highs such as this one. I've seen in another chart sometime around april wherein it drop to $2k and now in this one it has a high that is $138k
The accidental fall of 8,200 by Binance could turn a reality and fall to that level or close to it before the bull run like 2021 can commence
And other coins like ETH and other coins can face extreme lows similar to that of BTC.
In that sense ETH can fall to lows of 450
Lowest points are approximately 12,000 - 13,000 and peak points are approximately 20,000 - 22,000
Be very careful in your entry and exit as BTC is being heavily manipulated in 1hr timeframe candles since the beginning of this month.
**Take entry on crucial levels of price action only and double check using indicators
BTC ready to correct. Short level 16,500 and target 13,500 approx. If there is high fluctuations exit at 14,000 level, safe exit.
Time duration approx for target achieve is 1-2 days.
Buy at 13,200 and hold till 19,000. Analysis of this will come as soon as above takes places.
Pattern and trend clearly shows that it will take support on 40500-41200 and it will go up till 47-49k and then fall hard. Currently it will go up to complete its inverted HS
The sine line is clearly indicating that the chart is bullish. For taking entry wait for it to give closing above regression trend on a 1hr timeframe at least or in other words, closing above 43,500.
You can either exit around 45,000 or wait for it to reach 52k.
