We are heading into September and overall markets do not look good. Will we enter the final leg down before some sideways action in 2023. We cannot ignore the fact that the MtGox 137,000 BTC release and potensial sell the Ethereum merge news will continue to contribute to the market drawdown.
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If we assume that the bottom is in by end of 2023. What will the price outlook be for 2023?
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September has been bad, but no rektember. Will we now get a pumptober?
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I'm seeing alot of bearish divs on the 4 hour. Could be the start of a continuation to the downside for higher timeframes.
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Strong pump yesterday that continues today. Is this a liquidity grab before the futures/options expiry on friday? Max pain is at $19500
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75 bps rate hike. So a little shortsqueeze before we get a slow bleed.
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Now that we are plummeting, will we reach the 10k. Or even lower at the cme gap at 9k.
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We are now halv way into the estimated bottom. If we have not reached close to 10k in the middle to the end of desember we need to assume that the bottom was in november.
Maybe. My analysis was like building up the support level at 11K to 12K after that we can see pumps coming up from 30 to 50% from that lvl.
Vickrant_S
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Thats actually making sense, cuz the weekly chart is kind off representing a down trend as well as the Monthly chart of yours...Interesting!. Will make the best out of this mate. Cheers!✌️✨