Bitcoin - Welcome to the bear market!
Keep it plain, simple and minimize the noise!
Here we see a gigantic ascending triangle, with the bottom acting as a strong support since 2020.
Vice-versa with the top of the triangle acting as a strong resistance.
We have now officially broken the support.
The top of the triangle is now acting as support with the bottom now resistance.
If we stay in the range we are currently in - it will be a very slow, boring and bloody 2022.
If we lose this support, the volatility will be wild - expect flash dumps and blood!
I personally think we will correct to about $25,000USD - however I am hoping for the best to pick up buy orders at $20,000USD
Wish me luck!
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
Bearish 2022?
What do you think?
Comment your ideas below : )
Here we see a gigantic ascending triangle, with the bottom acting as a strong support since 2020.
Vice-versa with the top of the triangle acting as a strong resistance.
We have now officially broken the support.
The top of the triangle is now acting as support with the bottom now resistance.
If we stay in the range we are currently in - it will be a very slow, boring and bloody 2022.
If we lose this support, the volatility will be wild - expect flash dumps and blood!
I personally think we will correct to about $25,000USD - however I am hoping for the best to pick up buy orders at $20,000USD
Wish me luck!
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
Bearish 2022?
What do you think?
Comment your ideas below : )
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