BITCOIN: The Worst Scenario!
This presentation is for informational and educational purposes only; it should not be construed as investment advice of any kind.
According to the daily chart , BTC still fighting for the level of 60K which may lead to reach to 75K all time high (according to the calculation of the target point using P&G for the last accumulation); and we may see a distribution in the market after that..
It could rebound at the 50K level and the price return above
65K so this chart will be invalidated; or it continue down to the next support which can be considered as a value zone to start accumulating again.
Also, the fear and greed index shows greed in the market which indicates some major correction pending.
Remember: Market is still uptrend, so the scenario will be canceled if the price makes a move towards 85K and breakout!
This could be the worst possible scenario so the rest is all good :)
According to the daily chart , BTC still fighting for the level of 60K which may lead to reach to 75K all time high (according to the calculation of the target point using P&G for the last accumulation); and we may see a distribution in the market after that..
It could rebound at the 50K level and the price return above
65K so this chart will be invalidated; or it continue down to the next support which can be considered as a value zone to start accumulating again.Also, the fear and greed index shows greed in the market which indicates some major correction pending.
Remember: Market is still uptrend, so the scenario will be canceled if the price makes a move towards 85K and breakout!
This could be the worst possible scenario so the rest is all good :)
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