morning,
as we continue the descension (as predicted in my last video)
i see one of two paths
both paths give us a decent sized bounce at the monthly 21ema closer to 36k
a deadcat bounce more likely than not before further continuation to the downside.
a conservative downside target once that bounce completes sits at 31k
worst case scenario it drops to 23k (monthly 55ema).
-----
similar to 2018 & the covid crash in 2020 (the last few times we challenged the monthly 21 ema on such a great scale \ once it broke down we saw a real capitulatory move down to the 55ema.)
trade safe 💸
as we continue the descension (as predicted in my last video)
i see one of two paths
both paths give us a decent sized bounce at the monthly 21ema closer to 36k
a deadcat bounce more likely than not before further continuation to the downside.
a conservative downside target once that bounce completes sits at 31k
worst case scenario it drops to 23k (monthly 55ema).
-----
similar to 2018 & the covid crash in 2020 (the last few times we challenged the monthly 21 ema on such a great scale \ once it broke down we saw a real capitulatory move down to the 55ema.)
trade safe 💸
Note
it's a traaap cityNote
might be gearing up for a larger abcNote
36.6k is the key, if it is breached - look out below ~Note
Note
1 more hit to the low, then we ride
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.