BitcoinDiupdate S/R Zone Setup Overview
Well, after all my other TA setups got invalidated i went back to the seemingly only useful TA for Btc price action: vertical supp and resistance zones.
Altho this recent drop was unusual and didnt match any previous btc bullrun, according to this zone setup we may still be bullish .
There is no need to fomo, as even if we go to my most bullish targets of roughly 180-200k we will still go to 30k again as the -85% correction is coming for sure.
Being bearish right now makes sense too, current -85% target would be arround 10k, i would still keep in mind that we are already in a bear market.
That said, what ever happens from here, no need to fomo and no need to invest more then you can afford to loose (< Rule #1 when trading, especially crypto).
Overall i think crypto in general is mostly hype currently as btc for example cant scale (lightning isnt decentralized, so thats no option).
Every shitcoin has multibillion valuations and and is trading WAY above the fundamentals. So be carefully and really only invest what you can afford to loose.
Fundamentals may change over the next coming years, but current state of crypto doesnt look bullish from a fundamental view.
I see a alot of common in crypto with the Dot.com Bubble in 2000, so even a worse than -85% is possible, but i remain Neutral on further price action as Orange Zone could hold.
This market is highly irrational, thats literal the only reason beside being bearish i potentially see another leg up possible.
If Orange Zone breaks we will see 10k (or worse).
DYOR and be careful out there.
Please leave a like if you found this usefull :)
Altho this recent drop was unusual and didnt match any previous btc bullrun, according to this zone setup we may still be bullish .
There is no need to fomo, as even if we go to my most bullish targets of roughly 180-200k we will still go to 30k again as the -85% correction is coming for sure.
Being bearish right now makes sense too, current -85% target would be arround 10k, i would still keep in mind that we are already in a bear market.
That said, what ever happens from here, no need to fomo and no need to invest more then you can afford to loose (< Rule #1 when trading, especially crypto).
Overall i think crypto in general is mostly hype currently as btc for example cant scale (lightning isnt decentralized, so thats no option).
Every shitcoin has multibillion valuations and and is trading WAY above the fundamentals. So be carefully and really only invest what you can afford to loose.
Fundamentals may change over the next coming years, but current state of crypto doesnt look bullish from a fundamental view.
I see a alot of common in crypto with the Dot.com Bubble in 2000, so even a worse than -85% is possible, but i remain Neutral on further price action as Orange Zone could hold.
This market is highly irrational, thats literal the only reason beside being bearish i potentially see another leg up possible.
If Orange Zone breaks we will see 10k (or worse).
DYOR and be careful out there.
Please leave a like if you found this usefull :)
Catatan
We could even go to low 30k´s and still be bullish.Im shortterm bullish on DXY which often moves inverse with Btc, which would speak for a low 30k´s test.
Catatan
As i generally think we are in a bubble, the absolute worst case for btc is 1300 usd. altho we got to get thru 10k and 3.5k supports in order to get there. so be careful out there.Catatan
overall testing the orange zone for the 3rd time doesnt look bullish at all. be prepared to loose basically everything if you dont manage risk.Catatan
well if fed doesnt higher intesrest rate, this could actualy turn btc back bullish. still be carefulCatatan
In the meantime i got confidential bearish and dont think we will make new ath´s.be careful out there
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.