๐ฅ Bitcoin Dead Cat Bounce & Final Capitulation
Recently I made an analysis on Bitcoin and my expected final capitulation area. Said capitulation area would, in my view, be likely be the bear-market low.
For now, we found strong support around the
29K support, the same area which held during the summer-21 bear market. Since the stock markets have been selling off for 6 straight weeks, it's statistically likely that stocks will end up in the green next week, which will likely lead to a green week for BTC as well.
In my view, this is just a dead-cat bounce which will eventually lead to further capitulation towards the 200-week SMA.
Enjoy the bounce, but be careful since there's likely more downside coming.
For now, we found strong support around the
29K support, the same area which held during the summer-21 bear market. Since the stock markets have been selling off for 6 straight weeks, it's statistically likely that stocks will end up in the green next week, which will likely lead to a green week for BTC as well.In my view, this is just a dead-cat bounce which will eventually lead to further capitulation towards the 200-week SMA.
Enjoy the bounce, but be careful since there's likely more downside coming.
๐ฏOfficial Channel: t.me/FieryTradingChannel
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๐Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
โ Monster Signals: t.me/monster_cryptosignals
๐ฅPremium Signals: fierytrading.com
๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
์ด ์ ๋ณด์ ๊ฒ์๋ฌผ์ TradingView์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ธ์ต, ํฌ์, ๊ฑฐ๋ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ๊ณ ์ฌํญ์ ์๋ฏธํ๊ฑฐ๋ ๊ตฌ์ฑํ์ง ์์ต๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ๊ณ ํ์ธ์.