Technical analysis by KinkoHyoTrading about Symbol BTC: Buy recommendation (10/14/2024)

Hello All,No need to explain, just look at the chartBlackRock, Microstrategy want your bitcoins... Using the media to make you sell them.The winners are always the holders... If you sell, they will buy them for cheaper than what they are worth.So As predicted the PA went towards the red line around 90k$ now two scenarios can play out, I really think that the red line will be broken as fear the disgust have taking the market over, just open your twitter and you will see the flock of hate messages toward traders influencers lolll . I am not one of those. anyway I think the this down trend will keep going until just before inauguration day, or even a little after. 80 K $ is the 50 % retracement. I think and I hope it holds there, I am planning to buy all buy at those prices and hope for the best. I wasn't planning on posting but my close friend kept asking me to do it. As you will see BTC did a CLEAR head and should bearish pattern which started moving as expected. Here are my two scenarios the green line is the one with the most chances to happenWhat indicated that the market was about drop and what indicates that it will CONTINUE to drop for the coming week and maybe even a little more... Stock RSI... SRSI needs to empty to the oversold lvls in the WEEKLY TF. It was wayyy over bought and that meant that the price of BTC was WAYYY over what it was worth. So the PA needs to go back to it's equilibrium to be able to move again in a healthy way and find it's new price. (in Price discovery)