tradinggrey

BTCUSDT Analysis June 29, 2022

BINANCE:BTCUSDT   Bitcoin / TetherUS
We are still Bearish on Bitcoin, BTCUSDT , with the three SELL signals fired in early April, another Bear Flag formed from May to June, and then the Horizontal Support Line at ($28,975) was broken. BTC has gone down further touching the ($19,620) Support Area and currently forming a Symetrical Triangle. Bitcoin is down over 50% since the indicators in April and 70% since the All Time High in November 2021. We are not trying to time the perfect market bottom, we have been buying small chunks since the ($28,975) Support Area. However, history and chart analysis has our Bitcoin bottom at and around the ($13,727) Support Area in October/November/December, 2022.
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