Main Fact: BTC from $69000 to $37000 is bearish
Fact 1: $32900 is the lowest price since $69k
Fact 2: Confirmation is missing
Fact 3: Head & Shoulder Pattern (Bearish)
Fact 4 : Hidden Price Trend: 1st quarter lowest $28850 -> Mid lowest $28805 -> Waiting for $28xxx
Fact 5: Strong resistance is showing in the chart from $48,000
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As mentioned previously, $32917 is the lowest low since bitcoin was at $69k. (On a daily chart) Bitcoin was rejected at $38942 yesterday and it is currently back to $36228.
If we zoom out to a 3-month chart, we will then clearly see how much selling pressure it has been since $69k Interestingly, measuring out the previous 3-month bar (selling pressure) and placing it to where we are now would give me the answer of 2018 All-Time High as seen in the following picture.
Personal view: The rare golden opportunity is not far from us. As for the moment, it is better to wait until Bitcoin comes down to the $29k stop. Meanwhile...............make a shopping list!
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If anyone would like to see the potential final targets, not guaranteed result but I genuinely think could happen, I actually listed them out on opensea as an NFT for a really low value. It will also support the channel. Feel free to check it out, do not miss this rare opportunity before the next coming cycle!!!
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Please use my referral link to sign up for Presearch, we both will receive 25 PRE Token bonus
https://presearch.org/signup?rid=1892143
Kucoin exchange if you would like to buy PRE token:
https://www.kucoin.com/land/register/r/1h2ba1N
Always appreciate for channel support:
BTC: 3BssHqtftLAsAwDtN4QVMhJP25chWmT7Tf
Eth: 0x36AeeaF52F08c5e87cf2ac7B94C090d8d89Ba37F
