Hi guys!
Holidays are over and we are still in a full bear market ❌ Blizzard in full power ❄️
Today Gold has broken down the long time support and we expect the US dollar to fly and crypto/stocks to take a hit.
Looking closer to the BTC market (comparison between the 2018 BCH fork and 2022 ETH merge):
1. Both 2018 and 2022 were bearish years 🐻
2. The comparison between both years at the same 4th quarter.
3. Both years had special events (BCH fork and ETH merge)
4. In 2018 this was the last crash and we believe we will be also seeing the last one soon enough.
Keeping all the above in mind here is the potential setup for BTC:
1. 18K-17K ( Double Bottom )
2. 15k-14k ( Monthly Support )
3. 11K - 10k ( Historic 85% Correction )
Overall the bottom is close so hold tight.
In 2018 the drop caused by the fork was around 51% to the ultimate bottom , if we applied the same percentage today the final target will be 11K 😳
Stay close guys!
More updates are on the way.
Later edit:
As these are dangerous time to get in a trade we do not encourage anyone to risk funds but meerly to spectate.
If you would like to go for a small 'bet' we would choose a small leverage and we would go for a short.
Holidays are over and we are still in a full bear market ❌ Blizzard in full power ❄️
Today Gold has broken down the long time support and we expect the US dollar to fly and crypto/stocks to take a hit.
Looking closer to the BTC market (comparison between the 2018 BCH fork and 2022 ETH merge):
1. Both 2018 and 2022 were bearish years 🐻
2. The comparison between both years at the same 4th quarter.
3. Both years had special events (BCH fork and ETH merge)
4. In 2018 this was the last crash and we believe we will be also seeing the last one soon enough.
Keeping all the above in mind here is the potential setup for BTC:
1. 18K-17K ( Double Bottom )
2. 15k-14k ( Monthly Support )
3. 11K - 10k ( Historic 85% Correction )
Overall the bottom is close so hold tight.
In 2018 the drop caused by the fork was around 51% to the ultimate bottom , if we applied the same percentage today the final target will be 11K 😳
Stay close guys!
More updates are on the way.
Later edit:
As these are dangerous time to get in a trade we do not encourage anyone to risk funds but meerly to spectate.
If you would like to go for a small 'bet' we would choose a small leverage and we would go for a short.
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