BleepBl00p
@t_BleepBl00p
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BleepBl00p
My biased opinion was to the downside on BTC as many of my other price action analysis was showing, BUT my invalidation point has been breached. My original idea was that BTC was not going to break 73k and hold it as support, and so far, it is. So, with my invalidation in play, I have to consider the bullish case scenario as being valid. If the bullish case is in fact valid, these are my current targets. of course, it would not be out of character for BTC to make a huge fake out in either direction, so I'm keeping my eyes peeled this month on crypto assets.
BleepBl00p
Seeing these lower lows is really concerning. I figure that with institutional interest, comes institutional entries. Big wig Banks dont want to buy a clear top, But they want it on their balance sheets. My theory is that the prices will be driven to record lows to shake out the weak hands to create the liquidity required to enter in a big big way.
BleepBl00p
btc was heavily rejected from its recent high and is currently battling to retake supports. watching for a retest of the lower bull line of the current trend of the weekly buy line. If that breaks, be prepared for lower lows.
BleepBl00p
btc has been trading in this falling channel for a few days now, and after 2 failed attempts to break out, will this third break seal the deal??? watch for weekly closes above 73000 for continuation to my target og 120k
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