Scary BTC fractal - potential drop to 31k
This prediction is based on comparison of price action from April/May 2021 to Oct/Nov 2021. And keeping in account MA50 and EMA20 moving averages on daily timeframe.
* Look at Higher Highs (HH)
* Look at Higher Lows (HL)
* Look at Lower Low (LL)
* Look at bearish cross over of MA50 and EMA20
Above are following exactly before the big May 2021 drop.
Now if following happens, we are up for a big big 51% crash. Fractal would be invalidated if BTC manages to make a Higher Lower (HH) instead of LH
* Potential LL is in making that would mean a drop to 50k - 27% drop as per April
* 26% Rebound to 50MA to $63500 - Lower High (LH)
* Fail to reclaim 50MA convincingly
Which would result is 51% drop to 31k.
* Look at Higher Highs (HH)
* Look at Higher Lows (HL)
* Look at Lower Low (LL)
* Look at bearish cross over of MA50 and EMA20
Above are following exactly before the big May 2021 drop.
Now if following happens, we are up for a big big 51% crash. Fractal would be invalidated if BTC manages to make a Higher Lower (HH) instead of LH
* Potential LL is in making that would mean a drop to 50k - 27% drop as per April
* 26% Rebound to 50MA to $63500 - Lower High (LH)
* Fail to reclaim 50MA convincingly
Which would result is 51% drop to 31k.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.