BTC short term update / 2 potential scenarios.
Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like
SNM 6500% pump in a single day ))))
If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like
SNM 6500% pump in a single day ))))If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
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