Here is a broken down explanation of why I’ve been predicting Bitcoin dropping to 35,000
1. We can see this diagonal ascending trendline and how price has been respecting it by looking at the various contact points circled in orange.
2. Bitcoin has been consolidating on either side of this trendline since the beginning of it.
3. Liquidity has been building and building in the form of sell orders / long stop losses all the way down as price has made no substantial recovery of these zones.
4. Eventually Bitcoin will stick it as resistance and as soon as those order blocks are hit, there is enough orders in place (stop losses and liquidations) to drop the price to 35,000 in a very short time period. Essentially, the limit orders are in place like a staircase all the way down, they will fill one after the next and the chart has all the fuel and propellant needed to make a wick to that level.
5. The only reason we would see price consolidate so truly to a bearish line like this is to attract buys and longs as it slowly moves up - this mechanic of the market makes it not only possible but highly likely to happen and we don’t need any sort of black swan or bad news. The orders are ready to set off.
6. This is way more likely than people seem to think. Every long opened has a stop loss order or liquidation order for the entire position size. We can CLEARLY see, just by looking at the chart, these wide open gaps on the chart are filled with these orders. They have been left intact PURPOSELY in order to design a natural, fast wick of a movement.
7. This wick will reclaim all of the market makers and liquidity providers liquidity to them, and de-leverage all open positions.
I truly believe this will happen exactly as I say it will.
- Drop to 35,000
- Very fast drop (2-12 hours for the whole movement - if not, 1 hour)
I’d encourage readers to at least be mindful of the rational behind this analysis and take proper precautions to protect yourselves.
Respectfully,
- DD
1. We can see this diagonal ascending trendline and how price has been respecting it by looking at the various contact points circled in orange.
2. Bitcoin has been consolidating on either side of this trendline since the beginning of it.
3. Liquidity has been building and building in the form of sell orders / long stop losses all the way down as price has made no substantial recovery of these zones.
4. Eventually Bitcoin will stick it as resistance and as soon as those order blocks are hit, there is enough orders in place (stop losses and liquidations) to drop the price to 35,000 in a very short time period. Essentially, the limit orders are in place like a staircase all the way down, they will fill one after the next and the chart has all the fuel and propellant needed to make a wick to that level.
5. The only reason we would see price consolidate so truly to a bearish line like this is to attract buys and longs as it slowly moves up - this mechanic of the market makes it not only possible but highly likely to happen and we don’t need any sort of black swan or bad news. The orders are ready to set off.
6. This is way more likely than people seem to think. Every long opened has a stop loss order or liquidation order for the entire position size. We can CLEARLY see, just by looking at the chart, these wide open gaps on the chart are filled with these orders. They have been left intact PURPOSELY in order to design a natural, fast wick of a movement.
7. This wick will reclaim all of the market makers and liquidity providers liquidity to them, and de-leverage all open positions.
I truly believe this will happen exactly as I say it will.
- Drop to 35,000
- Very fast drop (2-12 hours for the whole movement - if not, 1 hour)
I’d encourage readers to at least be mindful of the rational behind this analysis and take proper precautions to protect yourselves.
Respectfully,
- DD
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