๐ฅ Bitcoin Lost The Uptrend: Crash Alarm! ๐จ
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Recently I've made several analyses on Bitcoin. In general, I was more bearish than bullish based on historical pre-halving year statistics.
Furthermore, I made several analyses on Bitcoin's historically low volatility where I argued that a big move was coming to the markets very soon.
WIth the stock markets falling and BTC trading on edge, are we going to see a big dump soon?
Maybe. I'd like to see a move below 28k first to increase the probability of this break out being real and not just a wick below support where bulls will step in and V-shape reverse to 30k.
Still, a move towards 20k is in the cards. Since the 15.5k lows I argued that the bear market lows are in, and I still hold this opinion.
The trade on the chart has a very decent risk-reward ratio, even for a big asset like BTC. Time will tell.
Please share your thoughts in the comments๐
Recently I've made several analyses on Bitcoin. In general, I was more bearish than bullish based on historical pre-halving year statistics.
Furthermore, I made several analyses on Bitcoin's historically low volatility where I argued that a big move was coming to the markets very soon.
WIth the stock markets falling and BTC trading on edge, are we going to see a big dump soon?
Maybe. I'd like to see a move below 28k first to increase the probability of this break out being real and not just a wick below support where bulls will step in and V-shape reverse to 30k.
Still, a move towards 20k is in the cards. Since the 15.5k lows I argued that the bear market lows are in, and I still hold this opinion.
The trade on the chart has a very decent risk-reward ratio, even for a big asset like BTC. Time will tell.
Please share your thoughts in the comments๐
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