Aidin TA

#Metis was one of the coins I followed since the launch as it showed a lot of potential, the fundamental was very strong but over the course of recent months start to showing weakness on the buying power and price kepr declining.

If I only consider the chart for the first time over a long time it shows it created a higher low, remind me of the BTC at $16 k, and it looks like if the market moves positively bullish as it looks going to move, the chart can show a lot of potential.

In the conservative approach I still have to call the chart bearish until it regain the $27 and gain some momentum t

#BTC take a quick look at fibo extension will clear a lot of details about BTC movements, apply it on weekly chart on the last cycle where the price moved from $8 k to almost $70 k and then dropped back to $16 tell us that the $120 k is one of the hard resistance area's, if the BTC flip this resistance area then next targets will be around $185 k and then $250 k

If you ask me if we are going to see $250 k this cycle, my answer will be very possible, but it will be a bumpy road, and still many will lose money

https://www.tradingview.com/x/Zs7CIkhY/

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BINANCE:BTCUSDT Chart Image

#BTC- Daily tf, as you can see there is gap in the chart for the untested area's between $78 to $72 k which BTC never got back to these area's, I am very confident that this gap will be filled , it doesnt mean that price will fall now to retest that area's but for sure will come back to those area's at some point.

The main 3 support levels around $72 , $62 and $49 k are the most critical supports, decpite all the bullishness vibe in the market I believe we have to be prepared for a drop to low $50 but if there is any cash left enter to market in all 3 steps (DCA down) I am still very confident

#BTC, bullish scenario for current situation is to see BTC hit the big support around $68 to $71 k where it has got a bullish trend as well and then goes for its last wave up where possibly can go up to $128 k.

If we bet on this scenario then the best entry point will be around $70 k, be honest I am not really convinced that this can happen but if US can sort out its turf war with other countries and settel the Ukraine war then this scenario will get much more chance to happen

https://www.tradingview.com/x/HV8znvtq/

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BINANCE:BTCUSDT Chart Image by aidin_mo1998

#BTC, If we expect the BTC follow exactly the same path as its last cycle, where it hit the almost $65 k for the first time then retraced to $30 k and following that set the new ATH as $70 k, then we should expect this time after hitting almost $110 k we see a retracement to lower $50 k before move up to hit somewhere above $120 k.

I personally dont think everything will follow exactly same as previous cycle, however this is a high chance possibility. Based on this scenario anywhere around and under $60 k must be the best buy level.

https://www.tradingview.com/x/J5xFSU8s/

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